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All Forum Posts by: Mark Schumacher

Mark Schumacher has started 1 posts and replied 2 times.

Private Lending & Conventional Mortgage Advice

Post: No More Cash Out Refinance On Investment Property?

Mark SchumacherPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 2
  • Votes 3

@Sante R. Thanks for the reply. Yes, it sounds like they are available but maybe just a little harder to get these days. Do you mind me asking what kind of interest rate you’re getting on your cash out refinance? Thanks!

0 Votes
Private Lending & Conventional Mortgage Advice

Post: No More Cash Out Refinance On Investment Property?

Mark SchumacherPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 2
  • Votes 3

My family’s had 3 rentals for about 15 years. They all now have 70-80% equity in them. My mentors back in the day used to do a cash out refi on an investment property with high equity and purchase more so I just started exploring that option but the mortgage broker I’ve used before just told me you can’t do cash out refi on investment property anymore. Is this accurate? If so, what are other ways to tap into that equity? Heloc or 1031? Thanks!

3 Votes