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Updated about 1 year ago,

User Stats

62
Posts
15
Votes
Hyeseong Park
  • Rental Property Investor
  • Philadelphia, PA
15
Votes |
62
Posts

Question about the best loan I can get for refinancing

Hyeseong Park
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hello, 

I recently bought a distressed property at the end of June (6/27/23) for flipping as my cash only and I just finished rehabbing it using my cash only and put it on the MLS market currently. But it seems like selling has not been going well. (It's been 14 days).

So I was thinking of a plan B if things don't go well, which is refinancing and I would like to know if I can get any good loan option for refinancing as my house has been owned only 4 months so far. No tenants now but I'm planning on renting it, once I will get refinancing. What loan is the best option for me? As I bought & rehabbed it as my CASH only, I would like to know if there is any good loan for going off new appraisal value, not purchase price + rehab, without any seasoning condition better than people who have mortgages on their investment properties.

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