Cash Out Refinance on 5th property - Memphis Area

[Daniel Foster]

I have a rental property in Memphis that I currently owe roughly $60,000 on, that is worth about $135,000.  The mortgage broker I have been working with says he can not do a cash out refinance because I currently have 5 properties with mortgages.  Can someone suggest a bank or contact in Memphis that is able to work around the 4 property limit?

Thanks!

[Douglas Skipworth]

Hi, @Daniel Foster.

You need to contact my friend Steve Bighaus.  He can definitely help you.