All Forum Posts by: James Varnadoe

Thanks

Purchase price $50K, rehabbed at about $15K, ARV around $100K

We have a property we want to do a cash out refi on - purchased with cash 3 months ago with a tenant in place. 

Are there any lenders you have found that will do a 70% LTV refi before a 6 month time period from purchase has elapsed?

I'd rather get the money now than have to wait another 3 months.

Thanks in advance.

Thanks!

Newb question, apologies if posted in the wrong spot. 

I read about situations where investors would buy properties with cash at below market value and then refinance them to get their cash back out plus more and use this as money for their next investment. Can someone explain how this works and give an example? Just trying to understand what this means. Thanks.