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Updated about 4 years ago,

Jordan Tanner's profile image
Jordan Tanner's profile image
Jordan Tanner
  • Member since Aug 19, 2020
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Jordan Tanner's profile image
Jordan Tanner's profile image
Jordan Tanner
  • Member since Aug 19, 2020
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Jordan Tanner
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Cashout Refi a Seller Financed deal

Jordan Tanner
Posted

I bought a fix and flip and got it 100% financed by the owner. I am on a 5 year note at 5% interest annually with a balloon payment due at the end of the 5 years. Is there a way to do a cashout refinance on this with zero equity. I bought it for $170k and it is now worth $255k. 

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