Advice on financing out of state properties

[Dave Dalrymple]

Hello all!

This is my first post and I feel the need to say what an awesome community of incredibly open-hearted and generous people you all are. I've never seen so many people willing to help and rejoice when people succeed! You've restored my hope that there are people who genuinely care about other people!

So that leads me to the question: we live in Florida and we recently paid cash for two out of state properties and I would like to get my seed money back out of them so I can purchase more property. Does anyone have a recommendation on which lending institutions are aggressive with loans in this type of situation? 

Thanks in advance for any suggestions.

Dave

[Jim Blackburn]

Dave Dalrymple 75% of purchase price within 60 days of closing is allowed with delayed financing guideline.

If 60 days has last, then we need to wait 6 months after purchase, and then you can get 75% of the appraised value as cash back.

Ask anything.