All Forum Posts by: Kelsey Harden

Had a quick question that hopefully will have an answer to. My wife and I just bought our first 3 rental properties with our cash. They have renters in them currently, but we will go in and make the necessary updates to demand the top dollar of rent in that area which should be $900+ a month. The problem that I am running into is that we will want to cash out refinance these properties (BRRRR) but we are having a hard time finding a lender that will lend on these properties because the ARV on each house will be $70-$85k. I have looked into a lot of DSCR lenders, but they won't lend on them because they aren't worth enough. Is there a different type of lending out there that I haven't come across yet? So, I guess my question is, is it going to be possible to do a cash out refinance on these properties? Thank you!