All Forum Posts by: Adam D Rinehart

Hello everyone,

I'm under contract on my first investment property using hard money. My plan has always been to do a standard cash out refinance on the ARV but am thinking of putting a spin on it. By making it a student loan loan cash out refi I can get a lower rate than a typical cash out and the payments will be part of the mortgage on the property which will be paid for by my tenants. I still have my full time job so this will free up more of my monthly income and bring cash flow from the rental. Additionally, I can then sell that property later and essentially sell my old loan as a house.

Is anyone aware of this program or used it before and is my understanding of how it works correct? If it is correct, this seems like a brilliant way to have someone else pay off my student loans. Thanks in advance for your input.

Adam Rinehart, P.E.

@Will King hi Will. I’d like to hear more about the deal and what you need exactly.

@Cameron Tope I'm in Texas, and actually quite close to you. If the offer still stands, I would love the opportunity to take you up on it and look at a Texas contract.