Thanks,JoeSounds like a good plan now from bank to bank seasoning title might be the issue.

The house rents for 1545 to 1595 depending on season.

Hi all- I’m looking for a seasoned agent to help find a solid stable investment opportunity in the Philly area.

@Heather U.Are you going to have a seasoning issue with a cash out refi.  

Some banks require a certain seasoning period( period of time in which you must own the property), some have credit score restrictions.

I know it’s busy season but maybe @Basit Siddiqi can assist?

This is what he told me:- 9% of monthly rent (no fee if unit is vacant)- Annual fee of $70 to help pay for extra staff during tax season and a few other thingThose two fees were all he mentioned.

If you play your cards right, you can find a lender who will allow you to use the "delayed financing" exception to do a refinance without having to wait the usual 6 month seasoning period.  

For us the key to keeping cost down is permanent wood foundations.

Hello BP community,Since I’m new to the real estate world overall, I really look forward to talking more to seasoned people within BP.