Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

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?

Loading replies...