Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Cash Purchase - Do I need to wait to get financing?
I bought a few multifamily houses for cash a couple months ago. (cash no hard money)
They were distressed assets that needed to be rehabbed, the work is now said and done, they are ready to be appraised.
I was told by one mortgage broker that I need to own each property for 6 months to get my money out.
I'm looking to get normal 80% LTV residential mortgage's (All 4 units and less)
Properties are in connecticut if that helps, anyone have any recommendations on financing options or if this information is true about needing to wait 6 months?