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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Ron Singh
  • sf bay area
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237
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Cash out refinancing

Ron Singh
  • sf bay area
Posted Jan 27 2020, 20:00

Question on how cash out refinance works and any risks involved?

brought a house for cash,

updated /paint, floor, landscape etc

rented it for couple months

- is it good to go for cash out refinance ? or try after 6 months of renting ? does this duration matters at all ?

- for appraisal, do they go inside the house or look from outside only ? since its rented and tanent living there,so have to coordinate, if they have to go in.

- is it better to have appraisal done inside and outside both for max value , any suggestions?

- if I try multiple lenders for cash out refinancing , Is it going to be hard enquiry on credit from all ?

- dose appraisal process require home inspection ? while tanet are living there and nothing major has been changed.

- any tips to get max value ?

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