Who have you found that has the best rates and terms for cash-out refi-ing rentals? How easy are they to work with?
LTV - some LTV is different for brick vs siding
Do they keep them in house? if so, is it kept in house for under $xx,000?
Do they refi in LLC name? (Some require the owner name on it)
Is it an actual cash out refi or do they want you to roll over your equity into a heloc type equivalent?
I would also like to get various perspectives on this. I have a few duplexes that I am wanting to do this strategy with.
Also following for tips - considering a cash out refi to buy another property!
I have a contact if you want, I did one cash out and then used partial as down for a conventional and rest was wired to me. Want to say off top of my head it was 80% 4.6% 30 yr (SFR), the conventional was 75% and like 4.75 (it was a duplex). Almost positive it had to be in my name, they asked if I had a LLC but I didn't so not 100% sure.
Message me if you want the contact info of the loan officer, my rates were for KC, but they do all 50 states.