Refinance for Rinse and Repeat

[Damian Robinson]

How long do I have to wait with a bank to cash out on a investment home I own with no loan

so I can use the Rinse and Repeat method to grow my properties?

[Albert Bui]

If you bought it with "cash," recently then you can cash out to 70% of the current market value or the cost at which you paid for the property on your original settlement statement, whichever is lower.

If you've owned it for more than 6 months (seasoning) on title in your "personal name," then you can cash out to 75% for a SFR or 70% for 2-4 units.

The above assumes conventional fannie mae financing.