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General Real Estate Investing

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Nick Naik
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Bank finance of a house purchased with cash offer

Nick Naik
Posted Aug 25 2020, 05:01

Hi All,

Have a question about how to get bank finance for a home I have purchased with a cash offer. I recently bought something with a cash offer and would like to refinance the house with bank financing to free up my capital. Any suggestions on what's the best approach. Will a bank lend me money to pay off the house? Does the house need to be purchased under a LLC for this to happen? Would appreciate any suggestion

Thanks,

Nikhil

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