Updated about 4 years ago on . Most recent reply
Seller Financing to Traditional Financing
Hey BP,
I am about to close on my first rental property just outside of Boston through seller financing for 18 months. My question: When we refinance through a traditional mortgage lender, can we do a cashout refi right away if the home appraised for more than the purchase price, or does the new mortgage have to season before we can even consider a cashout?
Appreciate the feedback!