Cash out refinancing is still possible- Build a rental portfolio

VETSUS has 3 lenders that can refinance properties up to 80% of the appraised value. What this means is you can purchase a property at auction with as little as 20% of the auction price with Eastside Funding's short term loan, then refinance the property in 30 days or less and get you 20% back in your pocket. Quite few investors are doing this to by rentals with essentially zero down and renting them for close to or more than the loan payments. It is a fantastic way to build a rental portfolio. Ask one the VESTUS preferred lenders for details.