Updated about 10 years ago on . Most recent reply
Cash out refinance: best lenders? (Central IN)
I'm a real estate investor that normally does all cash flips. I've decided my most recent investment would make a good rental so I'd like to finance it. After 2 week and a lot if paperwork, my local bank just let me know that they will only finance up to 75% of my purchase price and only after I have owned it for 6 months. The appraised value is almost twice the purchase value and I want to main liquidity so that won't work. I'm looking for a better deal. Neither debt/income nor credit is an issue. Recommendations?