This title is not a gimmick. My bank ran out of money. I emailed my lender asking about a new property I put under contract, and he said, "We are totally out of money. We can't make a loan to anybody."

I'm not surprised. This credit union does 80% ARV loans without caring about the purchase price! If you're savvy, you can see why they ran out of money haha. It was a good thing they had going.

So, what I'm looking for now is someone who can refinance quickly. I have a smoking deal with $115K ARV and $75K Purchase price. The great thing is this property is already fully renovated and rented out, so I don't need to do a thing to it. My game plan is to purchase the property and then refinance quickly to capture that equity!

Does anyone have a lender that does no seasoning periods on a refinance? OR a portfolio lender who can do something similar to lending 75% ARV (zero down, cash at closing). I'm not asking too much! I know it's out there haha.

By the way, I'm in Lubbock, TX. :)

Thanks