Updated about 6 years ago on . Most recent reply
Delayed Financing Exception for property in Pittsburgh
Several people have recently mentioned the delayed financing exception that allows you to "refinance" a cash-bought property within 6 months. I paid cash for a duplex in Pittsburgh, PA in July. I want to get a mortgage and take cash out so I can use for another deal, but I can't find a bank in that area that knows what I am talking about--they say that I need to have 6 months of rent on books first.
Anybody know of a lender in that area that I could approach with this?