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.
BOOK A FREE CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/DNIIh0
CHECK OUT OUR OTHER GREAT VIDEO PLAYLISTS LIKE:
VIDEOS ABOUT TURNKEY REAL ESTATE INVESTING:
VIDEOS ABOUT GETTING STARTED IN REAL ESTATE
VIDEOS ABOUT REAL ESTATE NEWS
SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY:
LISTEN TO THE PODCAST:
FOLLOW ME ON SOCIAL MEDIA:
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.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.