Cash out Refi Lenders in Detroit area

Cash out Refi Lenders in Detroit area

Real Estate Agent · Las Vegas, NV · Member since 2016 · 9 posts · 1 vote

Hey, looking for suggestions to see if anyone knows of a lender in the Detroit area willing to cash out refinance a property as part of the BRRR strategy after I've got a performing tenant in place and I've added value to the property thru rehab work. I think the issue is the low price point, $45-60k ARV.

Wanted to throw this out there before I started calling around.

Thanks

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Real Estate Investor · southfield, MI · Member since 2008 · 1 post · 1 vote
6y

Thanks for the replies @Scott M. and @Jamiel Strickland. 

See this reply in the discussion

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  • Real Estate Broker · Rochester Hills, MI · Member since 2009 · 2k+ posts · 2k+ votes
    6y

    I am a real estate borker who specializes in investment property and the owner of a full servivce proprety management company - I have several clients that have used Eric Veronica - he is on BP as well @everoni 

    https://www.biggerpockets.com/users/Everoni

    The deals have been simple, quick and zero drama.  Eric is a good guy and one to put on your shortlist.  

    **I have no formal relationship with Eric, just several common clients.  

  • Real Estate Agent · Las Vegas, NV · Member since 2016 · 9 posts · 1 vote
    6y

    Great, thanks @Scott M.

  • Rental Property Investor · Detroit, MI · Member since 2018 · 380 posts · 244 votes
    6y

    Hey, I can send you any if you haven't found one already, message me if you like.

  • New to Real Estate · 48071 · Member since 2019 · 15 posts · 1 vote
    6y
    Hey @Scott M. I am new to real estate investing and would love to work with an experienced broker to help source some deals, please direct message me. Looking forward to it.
  • Real Estate Investor · southfield, MI · Member since 2008 · 1 post · 1 vote
    6y

    Thanks for the replies @Scott M. and @Jamiel Strickland. 

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