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Updated over 8 years ago on . Most recent reply

User Stats

35
Posts
2
Votes
Anthony Logorz
  • Wholesaler
  • Tampa, FL
2
Votes |
35
Posts

Refinancing in the hood?

Anthony Logorz
  • Wholesaler
  • Tampa, FL
Posted

As a lot of you read my subject title maybe some of are you like huh? What does refinancing in the hood have anything to do with it? I have never refinanced before I mostly wholesaler but I am looking to purchase some buy n hold multi families properties in the future. Well, here comes my question if I buy a multi family in the hood I would say maybe like c- or d+ area does the bank look at that when refinancing in the future or is it based solely of numbers, cash flow etc? Thanks in advance for the help!

Most Popular Reply

User Stats

35
Posts
2
Votes
Anthony Logorz
  • Wholesaler
  • Tampa, FL
2
Votes |
35
Posts
Anthony Logorz
  • Wholesaler
  • Tampa, FL
Replied

@Jerry Padilla oh yes redlining I forgot about that thanks for the insight. I did get lost when you said refinancing has no seasoning though if you can clarify I'd appreciate that because I've heard to refinance you need 6months - 1yr to cash out refi? 

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