Refinancing invesment properties?
My relative has a few investment properties they own out right. They wanted to do cash-out refinance to invest in more properties but the bank told them they can't refinance investment properties at this point. Does anyone know if there's anyway to refinance their properties? by howter_196_687 from Bristol, Vermont. Aug 30th 2011
Brett Bostwick (BrettBostwick)
#2 ranked lender in Vermont - 3 contributions
If your relative owns 4 or less units, they can cash out but if they own 5 to 10 units, it is restricted to refinancing the balance and cash out is not allowed. Please feel free to contact me locally at 802-482-6766.
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