Cash Out Refi or DSCR Loan?

[Kody Louchart]

I have sold off most of my properties but still have one long term rental that is paid off and brings in 2550/mo. I am wanting to build back up but there is a lack of multifamily units in my area so it will likey be SFH. Would you Refi the existing property to use that cash to buy more or find a DSCR loan. I do have Enough for a 20-40% DP on 2 properties currently. Been investing in other long term business ventures as well outside of real estate.

[Andrew Zamboroski]

Quote from @Kody Louchart:

I have sold off most of my properties but still have one long term rental that is paid off and brings in 2550/mo. I am wanting to build back up but there is a lack of multifamily units in my area so it will likey be SFH. Would you Refi the existing property to use that cash to buy more or find a DSCR loan. I do have Enough for a 20-40% DP on 2 properties currently. Been investing in other long term business ventures as well outside of real estate.

You could cashout refinance using a DSCR loan and purchase with one as well.