Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

58
Posts
333
Votes
Anthony White
  • BUENA PARK, CA
333
Votes |
58
Posts

Quick Question About A BARRR - Refinancing/ Portfolio Loans etc.

Anthony White
  • BUENA PARK, CA
Posted

Hello All - 

I have a some questions and looking for some expertise help... 

In the recent months I have purchased 4 different properties... 

All properties Cash Flow, and as you can imagine all properties were bought pretty low. ($40k, $20k, $25k, and $60k) Equity should be  25%-50% including the purchase price of these properties. Meaning the duplex I got for $40k, its identical neighbor sold for $79k, 2 weeks ago. 

Now here are my questions:

I am looking around a few months in and I am finding some trouble and that there is either a minimum as you know to cash-out refinance these properties.

I was thinking of grouping them all together and doing a portfolio cash-out refinance... Is there such a thing?

What would be the best way to refinance out to get all my cash back out of these properties? 

One last thing - I am in SoCal and the properties are in Memphis, TN

Thank you... 

Most Popular Reply

User Stats

1,345
Posts
1,155
Votes
Douglas Skipworth
  • Rental Property Investor
  • Memphis, TN
1,155
Votes |
1,345
Posts
Douglas Skipworth
  • Rental Property Investor
  • Memphis, TN
Replied

Hi, @Anthony White.

Congratulations on building a portfolio of properties!  

There are several local community banks who would enjoy hearing your story and could possibly refi all the properties for you in a single loan.

Send me a private message and I'll be happy to make some introductions for you.

  • Douglas Skipworth
business profile image
Investor's Guide to Memphis Real Estate

Loading replies...