FIRST-TIME INVESTORREI Pros,I am looking to refinance my home and pull money out to pay off a property I own in Oklahoma to pull a loan against it and purchase a self-storage complex.

Do I need to season the money I pull out or is it ok for me to finance my down payment on next property that way

NOW HOLD UP . . . an important caveat I'll throw in here is that there is a key difference between tenant for a season and tenant for a reason folks. 

Amy,When you buy all cash and want cash back out ASAP you have delayed financing where you can pull out 75% for example and use the purchase price as the appraisal rather then waiting (6 months) for title seasoning. 

Banks want a track record, established, a high credit score, and seasoned investor. 

You generally would have to wait 3-6 months for seasoning before they can be appraised.

Income varies by area, season, etc… I’m interested to hear about the products you have. 

Then once you finish the rehab, you can do a rate and term refi (NOT CASH OUT REFI) the second you finish the rehab, no seasoning period.Get conventional rate and term refi done, lowest available rates. 

-I have met with a couple of seasoned investors who are family friends via Zoom and they have given me some excellent mentoring. 

I own a seasonal business here and due to lack of employees I don't have enough cash to cashflow my business through the winter (or its going to be extremely tight).