Lendmire Research

The wired proceeds land tax-free — borrowed money isn’t earnings.

Across most DSCR and non-QM programs, that window runs around six months of ownership, though the exact number and what it unlocks vary by lender.

That number isn’t a federal rule.

Run that once, and the proceeds can fund a down payment on a second property.

Each path changes how the lender qualifies the deal, how much cash comes out, and how easily any single property can be sold later.

Get those three aligned and the math is straightforward. Get one of them wrong and the “maximum” leverage on paper never becomes real cash at closing.

The mechanics run through a cash-out refinance: a new, larger loan pays off the old one, and the difference comes back as cash.

Most programs in Lendmire’s wholesale network cap this at 75% loan-to-value on investment property, typically after around six months of ownership.

Rental property equity is the gap between what the property is worth today and what’s still owed against it.

The real questions aren’t about your own lease — they’re about the property’s lease, its appraisal, and its equity math.

Leverage on cash-out deals generally tops out around 75% of appraised value.

Does A DSCR Cash Out Refinance Require You To Own A Home — Yes and no, depending on which “own a home” the question means.

Do You Need To Own A Home To Cash Out Refinance A Rental — No.