Updated over 9 years ago on . Most recent reply
Refinance
Hey, so i am setting everything up to start buying houses, i am looking at a few flips and a few rentals, all SFR. i have set ups cash from my bank as well as cash from HML, that way i can use cash for the buy and repairs.
what i need help with ( outside of any info on all this ) is how do i get a bank to refi the house after i do the repairs, if there are repairs needed some of the houses i am looking at are really good deals.
SO if they are going to give me 75% on the value, in my past experience they make you wait for a minimum of 6 months before they look at the appraised value, ( and not the purchase price )
can anyone give a some info for what i need to do, to get a refi as soon as i am am finished with the repairs or need to pay off the HML, i do not want to wait for the 6 mouths.
Thanks. Jason.