I have an option to buy a house for 290k with an ARV of 350-360.I have the funds in cash but was told I need to wait 6 months before I can refinance for the ARV and not for the purchase price I paid for it.Any suggestions on how to buy it with the option to refinace it right after??

Thats what I would do next and you can really just see what the numbers tell you (and look at different rate/refinance scenarios how it would play out in the next few years)

Yes, you can do a cash out refinance on a property owned free & clear!

If you can qualify for conventional financing, a HomeStyle Renovation loan by Fannie Mae will let you do property improvements and not need to do a refinance once completed! 

This can be good if you plan to refinance or sell before the balloon is due.Low down payment: Seller financing often allows for more flexibility with down payments.

Do some banks or credit unions let you refinance at 90% LTV?

Anyone have any recommendations for lendersMy client is requesting the refinance of an existing industrial building.

I don't want to do a traditional cash out refinance because the house would no longer cash flow and I don't have the funds to buy him out straightforward.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

We’ve tried to sell the property outright with no luck and would only be able to refinance if we put about $80k down.Basically, we’re at the end of our rope with the place.