Should I save for a conventional loan, get a HELOC, or do a cash-out refinance with my first property?

I asked my mom to see what they want  for the house, I have a hunch that it's payed off and they just want to offload it, they mentioned doing a quick close .. the ARV is about $220k and she's kept up with maintaining the property.I'D buy it with hard money, fix a few things while she pays me rent (the hard money interest rate)  and do a cash out refinance in 6 months.Do you think that's a good strategy?  

By the way, if the seller already has equity of 30% then the new refinance loan should be lower than the initial loan.

Hi Michelle, You can do a bridge cash out refinance on listed properties if the goal is to sell.

Instead of flips do cash out refinance and hold onto properties for more than a year or two.

If you're using hard money simply for the purchase and plan to refinance, the hard money would actually require less than long term financing.

The biggest advantage is I could still refinance since it was technically owner occupied.In terms of privacy, it depends on how the loft is laid out.

We applied for a traditional cash out/refinance on the investment property but were denied because she's only been employed at one job for 1 year and 2 months (they wanted 2 years).

Hello Joe,Congratulations on your purchases, if you are ever looking for a DSCR loan, please let me know, we do rental loans down to 1.1x and up to 75% LTV on a cash out refinance, or 80% LTV on a rate and term refinance.  

Sponsor has stopped distributions....also saying they are keeping everyone's money in longer and plan to refinance because of the economy things are not working out as planned.