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Updated about 9 years ago,
owner financed: How long to hold a property before you refi
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?