All Forum Posts by: Justin Colley

thanks for the reply 

The mortgage is a portfolio conventional 

All local banks I have spoke to have said they do not offer helco or cash out refi intil I have owned the home for 12 months    is it possible to do a hard money loan to pay off mortgage plus draw from equity then turn around and refi it with the bank in a year 

I recently started flipping real estate in my free time. 3 homes in just over a year. The last home I purchased I have decided to keep for my self and live in for several years. With the profit I made from my flips I was able to put 20% down and do enough work to the home to gain around 60k in equity  but now I still have a small list of things I would like to do to the home and would like to have money for a down payment on a duplex .   I have not owned the house for a year yet so the bank won't do a refi.    What is the best way for me to get to my equity ?

#11 I never thought about this. I wish I would have read this post earlier   I have flipped three homes this year and have listed them with my agent each time.  I'll have to look in to that  sounds like a good way to keep some profit in my pocket