All Forum Posts by: Wayne Solum

The plan is to acquire at least two leveraged SF properties and rent for two years.  I have an additional fund to possibly invest as a passive in an appartment deal.

I've been lead to believe that if I go hard money I can refinance to conventional within 3 months.  If I use my own cash, then I'd have to wait 1 year to refinance to conventional.  Is this true or am I stuck with a hard money loan for 1 year?

I have a deal under contract (VA foreclosure) and possess enough cash to purchase and rehab it. I live in Texas. I've heard that if I pay cash and don't use a hard money lender, I would have to hold it for one year before refinancing it conventionally.

Is this true?  The hard money costs I could save are significant considering I have enough cash to do it without.

I'm sure this has already been answered.  Please forgive me, this is my first investment property and first post on BP.

Wayne