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Updated almost 5 years ago,
Texas seasoning period and Rental history for Refinancing
I'm currently setting up my LLC for my current rental property that is free and clear for 185,000. I'm looking to refinance and pull money out of my current rental.
1. I was informed prior to refinancing this property I have to show 1 year of rental history with a tenant. Is there any loop holes or additionally helpful information that can be provided.
2. After I purchase another property and the opportunity presents itself, Is there any loop holes if I need to purchase another property before the seasoning period is up?