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Updated over 8 years ago on . Most recent reply
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Refinancing in the hood?
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!
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@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?