Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

Account Closed
  • Investor
  • Newtown, CT
10
Votes |
15
Posts

Cash Purchase - Do I need to wait to get financing?

Account Closed
  • Investor
  • Newtown, CT
Posted

I bought a few multifamily houses for cash a couple months ago. (cash no hard money) 

They were distressed assets that needed to be rehabbed, the work is now said and done, they are ready to be appraised. 

I was told by one mortgage broker that I need to own each property for 6 months to get my money out. 

I'm looking to get normal 80% LTV residential mortgage's (All 4 units and less)

Properties are in connecticut if that helps, anyone have any recommendations on financing options or if this information is true about needing to wait 6 months? 


Loading replies...