Getting approved for a private money cash-out refinance is easier and faster than a traditional bank loan. Here’s what you need:
✅ 1. Equity in the Property
Most private lenders require at least 25-30% equity in your investment property. The more equity you have, the more cash you can pull out.
✅ 2. A Strong Investment Strategy
Private lenders don’t require traditional income verification, but they do want to know:
✔️ How you’ll use the cash-out funds
✔️ Your exit strategy (flip, refinance again, or hold as a rental)
✔️ How the investment will generate strong returns
✅ 3. A Profitable Property
Since private lenders focus on the property’s value rather than your personal finances, a profitable investment with strong cash flow or resale value will boost your approval chances.
✅ 4. Experience Helps, But It’s Not Required
While having past real estate deals under your belt is a plus, first-time investors can still qualify if the numbers make sense.