We're now about to reach the 6 month seasoning period that most lenders require and currently in the process of closing (waiting for appraisals....hence the TBD mentioned in the above comment) on a cash out refinance loan that comes w/a line of credit for up to 4-5x's available liquidity.

We're now about to reach the 6 month seasoning period that most lenders require and currently in the process of closing (waiting for appraisals....hence the TBD mentioned in the above comment) on a cash out refinance loan that comes w/a line of credit for up to 4-5x's available liquidity.

Also, you would have to close twice (at purchase & at refinance).

What if the current homeowner tries to refinance?

@David JacksonMy partners and I are working a cash out refinance right now and they are one of the companies that we got a quote from.

Is LendSimpli a good company?

I would then refinance after 6 months - year and pay her off. 

That is, will you provide them a return on their money and/or a percentage of the profit of a refinance or sale or rents.

Before we get into that, let me define the difference between a sale and a refinance.Selling: Very simply, what happens in the event of selling the property if the investment performs well is that all investors get their invested capital back, and on top of that a portion of all the profits the property has made in appreciation over the years, depending on how the deal is structured.Refinance: During a refinance, the sponsor aims to return as much of the invested capital back to investors and then keep the property for a longer period of time.

Maybe your bank is bigger but I've worked with the same guy a few times and had success with refinances.