Cashout refinance rental indianapolis

[Enrique H.]

Hi,

I have 4 free and clear sfr that I own, I want to do a cashout refinance. 

can anyone please recommend a bank here in indy?  should I work with a Indianapolis bank or can I work with an out of town bank?

Thank you in advance for any advise/ help.

[Jerry Padilla]

@Enrique H.

You just need to work with a lender that is familiar working with investors and able to lend in Indiana. 

You can cash out 75% LTV on a SFR investment property. After 6 months from purchase you can cash out based on the value of the property.