6.625% Rate for Cash out BRRR

6.625% Rate for Cash out BRRR

Rental Property Investor · Crozet, VA · Member since 2016 · 44 posts · 31 votes

I have a stabilized 3/2 BRRR in Katy/ Cypress area (paid cash, rehab done and tenant stabilized). I am a full time REI so dont have a W2 to support my applications. ARV is around 157k and are looking at 70% refi fixed for 30 yrs so around 110k cash out.

On the table offer of 6.625% which is not horrible but not awesome either. Any comments or suggestions on this would be appreciated, as i need the cash to get onto the next deal. 

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Developer · San Antonio, TX · Member since 2019 · 177 posts · 81 votes
6y

@Simon S Marthinsen that rate is amazing!! Can I ask who you’re refinancing with?

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  • Member since 2020 · 1 post · 0 votes
    6y

    @Joe S. I would like to know as well. I’m in the same position without W2 and trying to make this work.

  • Investor · Houston, TX · Member since 2016 · 16 posts · 2 votes
    6y

    @Simon S Marthinsen please DM your broker info if you can. That’s a great rate.

  • Investor · Houston, TX · Member since 2016 · 16 posts · 2 votes
    6y

    @Vijaianand Thirunageswaram DM

    I have a great guy that use to work for the mentioned lender.

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