Cash Out Refinances on Rental Properties

Beginners
Cash Out Refinances on Rental Properties

In order to finance your rental property, you might automatically consider a traditional mortgage. However, there’s another banking product that banks love to offer—cash out refinances. Particularly on a rental property, banks are apt to approve these loans.

In today’s video, I’ll discuss why it’s easy to qualify for a cash out refinance on a rental property. I’ll share the three major reasons why banks love to work with investors on cash out refinances.

You’ll learn about why cash flow matters to banks, and the importance of having skin in the game. I’ll share why most banks, particularly local banks, would love to work with you on a cash out refinance.

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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