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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Alan Siciliano
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Refi cash out non owner property

Alan Siciliano
Posted

Question to you all.

I have two single family non owner that I want to refi and do a cash out both are cash flowing one big bank said they do not really do rental property funding the other wants to know what I'm doing with the money, never heard this before in any event I owe between the two 120K comps are around 280K combined they are tied together now because when I bought them they used one for collateral and now I want to have them stand on there own with separate mortgages, I'm in Ohio can anyone help this situation.

Alan 

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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
2,085
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1,579
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Alan Siciliano
Just keep reaching out to lenders till you get one that is willing to lend on it. If you need a list of lenders in Ohio reach out I can send it over. 

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