SteveB asked:


How much equity does the average lender prefer that you to have in an investment property before they’ll consider refinancing the mortgage? 20%, 25%, more???

Melissa

rdwwAnswers asked:


I had an investment property on the market, but with the market conditions, it did not sell. Now that the rates have dropped, I can refinance it and easily turn it into a cash flow + property. Is there a rule that says I can’t refinance it if I take it off the market?
to add details, I do have renters in there now…

Stacey