Refi out of subject-to

[Joe Salimao]

Hi everyone,
I am very interested in doing some subject-to deals but I don't know that this is really feasible since I am planning on holding onto the properties I get for 30+ years and since it may affect the seller’s ability to get additional financing.
My question is if I take a property subject-to can I refi the property at a later date (6 months)? I don't know how this would work since I don't have a mortgage in my name to begin with so I don't know if this would be considered a refi.
I am just trying to think of ways to incorporate subject-to for rental properties so I don't need to come up with cash right away to purchase the property. If I could refi out of it than and as long as the property was below 70% LTV I wouldn't have to take any money out of my pocket. Any ideas?
Joe Salimao