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Updated about 5 years ago,

User Stats

26
Posts
9
Votes
Nnena O.
  • Investor
  • Boston, MA
9
Votes |
26
Posts

Delayed Financing Exception for property in Pittsburgh

Nnena O.
  • Investor
  • Boston, MA
Posted

Several people have recently mentioned the delayed financing exception that allows you to "refinance" a cash-bought property within 6 months.  I paid cash for a duplex in Pittsburgh, PA in July.  I want to get a mortgage and take cash out so I can use for another deal, but I can't find a bank in that area that knows what I am talking about--they say that I need to have 6 months of rent on books first.

Anybody know of a lender in that area that I could approach with this?

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