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Updated almost 5 years ago on . Most recent reply

Adam Heseltine's profile image
Adam Heseltine's profile image
Adam Heseltine
  • Flipper/Rehabber
  • from Brighton, MI
  • Member since Dec 5, 2018
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Adam Heseltine's profile image
Adam Heseltine's profile image
Adam Heseltine
  • Flipper/Rehabber
  • from Brighton, MI
  • Member since Dec 5, 2018
Connect
Adam Heseltine
  • Flipper/Rehabber
  • Brighton, MI
0
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21
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Land Contract Question

Adam Heseltine
  • Flipper/Rehabber
  • Brighton, MI
Posted

I am working to aquire a property through a land contract. Once the contract has been executed I would like to do a cash-out refi and compete the payoff. Can I do this after 90 days (seasoning)?

Will lenders allow a cash out on an investment property?

Sale price: 85500

Appraisal: 115000

Dwn Payment: 40000

This property currently is Tennant occupied and I will continue to rent it as the market there is perfect for rentals. House is in great condition.

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