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Updated almost 6 years ago on . Most recent reply

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Ivan Cole
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Refinancing before seasoning period. Is commercial only option?

Ivan Cole
Posted

My wife and I are new to real estate investing but have some background in dealing with mortgages. We recently bought our first two properties and are almost done with the remodels. My question is what is the best option to pull out our cash? I don't want to wait the seasoning period and I'm weary about doing an ARM mortgage without any experience. I want to try and scale faster than buying one or two houses every six months waiting on the seasoning periods. Any advice would be great! Thank you

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied

@Ivan Cole check with some local banks. They may be willing to do a refi for you. Also check with some mortgage brokers (not bankers). They have some more flexibility sometimes.

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