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Updated over 9 years ago on .

User Stats

2
Posts
1
Votes
Doug Brown
  • Investor
  • Austin, TX
1
Votes |
2
Posts

owner financed: How long to hold a property before you refi

Doug Brown
  • Investor
  • Austin, TX
Posted

I purchase a single family rental property to do short term rentals with, the property was purchased for 69K. I bought the property with owner financing.  The rental needed a lot of work, I installed central air/heat replaced the water and gas lines and put new windows in the house. The first month I put it on the market I was able to make a profit after covering the mortgage and utilities.  All together I put 19k into the house, my question is how long do I need to hold the property before I look to refinance it?