Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

24
Posts
5
Votes
Kevin Andrews
  • Real Estate Broker
  • Denver, CO
5
Votes |
24
Posts

Seller Finance Refi to Conventional Financing

Kevin Andrews
  • Real Estate Broker
  • Denver, CO
Posted

I'm currently in discussions of putting a deal under contract where the seller is willing to seller finance. My plan is to BRRRR this property. Is there a seasoning period after the deal has closed to refinance to a conventional loan? Or can I complete it anytime after transfer of title? Appreciate the feedback!

-Kevin 

Most Popular Reply

Account Closed
  • Lender
  • Costa Mesa, CA
19
Votes |
51
Posts
Account Closed
  • Lender
  • Costa Mesa, CA
Replied

Hi Kevin - barring any prepayment penalty, you can do a rate & term refinance at any point after purchasing the property.  Make sure the seller puts a lien on title for the lender to pay off so it is not treated as a cash out refinance. 

Loading replies...