Would you do a cash out refinance on rental properties that are Free and Clear?
We have 3 properties (2 in Reading & 1 in Pottstown)
Purchased and rehabbed in the last 12-18 months
Gross income is $2800/month (section 8 tenants in two out 3 properties)
Min value of the properties each is $50k
So if we could do $97,500 cash out for a short-term of 36 months that would be great
Please if you…