I had the security deposit that the kid's father had put down (I'll bet he was mad about this stupidity).

The owner wants me to refinance the loan and get paid off within 5 years.

One told me she can do 65% LTV appraised value with no seasoning and the one in Philly repeatedly told that he doesn't have any "no seasoning" refinance programs available.

Do I get a rehab loan , fix, and refinance so I can lease it out or are there loans for a longer term so I can avaoid the cost of refinancing?

bet ya get farther faster with a broker than you will on your on

Sure, its the June 19, 2008 Realty Times, "Holding Property in an LLC Just Got Tougher" by Diane Kennedy"Freddie Mac, one of the two largest underwriters of conforming loans on the secondary market, have changed their internal rules to state that they will no longer refinance a property that has been inside of a Limited Liability Company (LLC) for any time within the past 6 months."

Your best bet if you are not using a realtor is to try to sell creatively by owner - contract for deed, lease purchase, then you might get more buyers who are not just in the conventional arena.

I don't see how having your cash needlessly tied up can be beneficial, because you lose out on the exponential growth you can achieve with the bank's money.The best I can figure where all cash is useful is to find a good deal and then refinance (correct me please if I'm wrong).

Actually when they slashed rates, I was able to refinance most and actually get more cashflow, and now there is an increase in the number of people needing to rent, and not as many available rental units, so I am able to increase rents as well.Life is good!

`(f) Study of Auction or Bulk Refinance Program- `(1) STUDY- The Board shall conduct a study of the need for and efficacy of an auction or bulk refinancing mechanism to facilitate refinancing of existing residential mortgages that are at risk for foreclosure into mortgages insured under this section.