Seller Financing Refi Out

[Jonathan Fothergill]

Good afternoon BP,

I was hoping some of you can help me understand how investors approach seller financing with the intent to rehab and refi out. For instance if the selling point of seller financing is the monthly payments from you. You put the property under contract will the owner.  however after rehabbing the property and getting rented you want to refi the property to pull out cash. Now that you have that cash do you pay the owner lump sum? Do you hold it in an account and continue to pay owner. Let me know if you need me clarify I hope this makes sense.