Cash Purchase, Then REFI = What is the timing from Bank on REFI?

[Shaun Palmer]

Hey BPer's

I am working on my strategy for scaling and I am just curious.  If I am making an all cash purchase on a property and want to REFI my way out of it in a short period of time, I am wondering what is the typical timing the bank would want to see? 

For example:

• Purchase: $10-30k
• Initial Improvements: $10k
• ARV = $50k
• Lease is fulfilled (i.e. tenant is in the property)
• Appropriate length of Time before approaching the bank to REFI = ?

I am not sure if there is a specific length of time that the banks like to see or not.  Any advice would be greatly appreciated.  

Another question would be, is there any concerns on the amount of the principal? Let's assume that I would get REFI at 70% ARV = $35k. Would I have to use a HELOC instead?

Thanks

~ Shaun