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Updated about 7 years ago on . Most recent reply

Chamara Edirisinghe's profile image
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Chamara Edirisinghe
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  • from Atlanta, GA
  • Member since Aug 9, 2017
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Chamara Edirisinghe's profile image
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Chamara Edirisinghe
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  • from Atlanta, GA
  • Member since Aug 9, 2017
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Chamara Edirisinghe
  • Investor
  • Atlanta, GA
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Private Lending & Conventional Mortgage Advice

Refinancing Rental Property

Chamara Edirisinghe
  • Investor
  • Atlanta, GA
Posted

I have a rental property that I would like to refinance and cash out for a downpayemnt on a second property. I bought this property last month.

1.How soon can I refinance rental property after purchase?

2.Any one knows good lenders around Atlanta area, I can use for refinancing ?

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Bob Green
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  • from Mokena, IL
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Bob Green
  • Lender
  • Mokena, IL
Replied

Chamara,

Call on credit unions in your area or local community banks. They may portfolio the loan and not require any seasoning period to cash out refinance based on fair market value. 

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