Quick Question About A BARRR - Refinancing/ Portfolio Loans etc.
Hello All -
I have a some questions and looking for some expertise help...
In the recent months I have purchased 4 different properties...
All properties Cash Flow, and as you can imagine all properties were bought pretty low. ($40k, $20k, $25k, and $60k) Equity should be 25%-50% including the purchase price of these properties. Meaning the duplex I got for $40k, its identical neighbor sold for $79k, 2 weeks ago.
Now here are my questions:
I am looking around a few months in and I am finding some trouble and that there is either a minimum as you know to cash-out refinance these properties.
I was thinking of grouping them all together and doing a portfolio cash-out refinance... Is there such a thing?
What would be the best way to refinance out to get all my cash back out of these properties?
One last thing - I am in SoCal and the properties are in Memphis, TN
Thank you...
Most Popular Reply
- Rental Property Investor
- Memphis, TN
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Hi, @Anthony White.
Congratulations on building a portfolio of properties!
There are several local community banks who would enjoy hearing your story and could possibly refi all the properties for you in a single loan.
Send me a private message and I'll be happy to make some introductions for you.
- Douglas Skipworth
