Cash out refinance when property is paid in full

[Jonathan Woelfel]

Hi everyone I am new to bigger pockets!

I have flipped some properties recently to build up a cash account. I am recently looking to purchase properties all cash and then get long term financing to buy the next property. I was curious if there is a seasoning period or LTV max to where I can refinance as soon as possible.

[Alexander Zurn]

@Jonathan Woelfel a good strategy to pick up! From what I've seen, a seasoning period of 6-12 months varies from lender to lender. LTV ranges between 60-75%, I've seen 80% before but again it depends on location and lender.

Both are things to explore and find out prior to purchase, I think. Simply call up banks and lenders and ask these questions, then pick the best ones!

Good luck