Page 11 - How To Refi Cashout Your Commercial Property Before The Bank Says....
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Chapter 3
Refi Cash Out Benefits & Challenges
The goal in every business is scalability and turning over your equity. In real estate
this concept is key to increasing your cash flow, increasing property values, and
the key to getting your money out and into a new deal.
Once you have equity in your holdings and you want to take it out you have one
option to do so.
You must use other people’s money to get it out. Real estate is a relationship
business first.
You need resources in key positions to help you achieve your goals along with you
meeting the criteria that those resources have to get the gold.
However, cashing out is one of the most challenging loans to get because its a
regulatory nightmare for traditional lenders.
These lenders are scarred from the 2008 crisis and believe that people looking to
cash out their equity in their property will take the money and run which will fuel
the next crisis.
Its seen as “risky” in their eyes and in your Uncle Sam’s eyes to because he knows
he can’t charge you taxes on that money.
