Updated over 1 year ago on . Most recent reply
Cash out refinance
I bought my first STR this year using a house hack method. I want to cash out as an investment property putting me at a 8% but I don't know anyone that has done this. Is there anyone that knows the BRRRR method that can advise?
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hi Breland -
Congrats on your first STR! If you are looking to do a cash out it will be 75% LTV max (for most lenders) and around 7-7.5%. It is a great method when you are looking to scale your portolio. Happy to connect with you and answer further questions.