Cash out refinance for rental in Texas

Cash out refinance for rental in Texas

Member since 2018 · 60 posts · 10 votes

Offered $135000 cash for duplex using hard money lending and property doesn't need much maintaince may be around 5k and with the conservative ARV of $175000. Average rent should be 800-850 per unit.

Looking for suggestions as well if it sounds a decent deal?

And also if anyone aware of small banks or lenders who can do cash out refinance for rental done through BRRR in fortworth area as early as possible ?

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  • Residential Real Estate Broker · College Station, TX · Member since 2013 · 1k+ posts · 969 votes
    7y

    @Atta Bari

    No personal experience with these folks but got a promotional email from a company advertising a 30 Day Seasoning requirement. 

    Might be just what you are looking for. I've sent you a PM with the info.

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