Can I refinance to conventional from FHA (considering seasoning requirements)?

Hi Brian Porter, we did something similar to buy our properties but according to our loan officer (two months ago) the restrictions are as follow:You can get another FHA loan 3 years after the first one ORIf you move over 90 miles from the current resident with the FHA loan ORyou have a legitimate (this is one is very difficult to use) reason to upgrade your residence (like you are having a baby and need an extra room or something like that.For moving the property as far as I know when you refinance you will need at least 20%.

Hey Erik Drentlaw I know we kind of touched on this subject via message but from those I've spoken with Tarrant County is currently your best bet for getting the right value on multifamily properties.

If you find enough brokers across the county you might do it with transactional funding if they can keep the money moving.If you get busy, you could buy notes and then refinance the borrowers at near PAR value.There are some other ways if you are "politically" connected, changing zoning, use regulations and obtaining bond financing for projects, but that usually takes longer too.

It's an endless list of concerns and I'm betting it's over priced, they usually are.

Speculators use these highly leveraged instruments to make bets.

Agreed J Scott, and I bet what the appraiser will say is that the comps used were most similar to the subject.

As soon as the property is rehabbed can i refinance it?

Now if you're asking him to go in on stuff with you, then all bets are off.

Seconds can be made by the municipality eco. dev. dept.You can bet that NPs will take the lion's share of CDBG funds and HUD allocations but private parties also have access in your economic development zones.Probably the easiest way to tie gov. funds with private money is simply to piggy back the financing.