Refinancing Investment properties! I have questions!
Hey guys!
I have been doing some research and reaching out to a few of my loan officers for info on the refinance process. I sell a lot of distressed properties in the Philadelphia market. Mostly fix and flip but i also do some properties ideal for renting out. A few of my clients refinance all of their projects while others keep their money in the property and take the cash flow. Here are a few questions for you guys;
A) How long do you have to own the property in order to be eligible for a refinance?
B) Is it possible to refinance properties bought with hard money through a traditional bank?
C) What is the percentage amount that you can refinance in both case scenarios?
Anything else on the refinance process that you think is important to know would be extremely helpful as well. Thanks for all your replies!