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Updated over 12 years ago on . Most recent reply

User Stats

91
Posts
24
Votes
Trent Currie
  • Investor / Chief Acquisitions Officer
  • Billings, MT
24
Votes |
91
Posts

Using a LOC for acquisition and then refi?

Trent Currie
  • Investor / Chief Acquisitions Officer
  • Billings, MT
Posted

I am interested in using a LOC to acquire some SFRs. All at aggressive LTV and with great DSCRs. After the acquisition I want to refinance and free up the LOC. However I have encountered a number of problems such as the secondary wanting it to be held for 6 months etc.

What strategies have you been using to acquire then refinance in shorter time frames?

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