OfflineOK if anybody has any ideas for this obstacle it would be great . So i have a rental single family residence ,Had it for 10 yrs as a rental , so i thought today i would call to get it refinance with some cash out . Have 70,000 left on morgage , was going to take out 80,000 more to have for some forclosures for starting out . But agent said since not a primary residence going to be difficult to do .So shouting out for some help . Thanks GD
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Call several lenders. Ask for a home equity line of credit on it. It's as good as cash.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
You can definitely refi rentals. 70-80% LTV.