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Updated almost 6 years ago,

User Stats

149
Posts
80
Votes
Chris Mignone
  • Investor
  • East Islip, NY
80
Votes |
149
Posts

BRRRR using delayed financing

Chris Mignone
  • Investor
  • East Islip, NY
Posted

Hey all! I am in contract on my first rental property!!! I am buying for 165k and expect it to appraise for $275k ARV.

I have one mortgage guy telling me I can only get 75% of my purchase price out in cash. The other lender is telling me that I'll be able to get 75% of the ARV out in cash. All this in well under the 6 months to a year it would take under normal refi seasoning conditions.

Does anyone have any experience with this??? Please help. Thank you.

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