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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Bradey Peavy
  • Rental Property Investor
  • AL (alabama)
3
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22
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Cash-Out Refinancing BRRRR

Bradey Peavy
  • Rental Property Investor
  • AL (alabama)
Posted

When getting a brrrr and the property is bought in full can I still get a cash out refinance loan from the bank or do I still need to owe them a mortgage.

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Bradey Peavy if you are asking about buying the property 100% with cash, then yes, you can get a cash out loan from the bank.  Get prequalified ahead of time to find out exactly how MUCH you can get but yes, this is entirely possible.

  • Andrew Postell
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