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Updated over 15 years ago,
Question.. Buying with cash then refinancing? Financing Question
Hello, I'm looking to purchase a Duplex for 30k cash. It will need about 10k in rehab. After I fix it up, will I be able to refinance for about 70% of the ARV? I would of bought this property with financing in the first place, but I don't have 2 years of work history, just 8 months so it wasn't possible to get financing. But, since I'm buying this with cash, will I be able to refinance? I've heard it was easier to get approved if you're looking to refinance. Advice would be appreciated. Thank you!