Refi a Sub-2 to offer seller financing
Is it possible to refi a sub-2 property and if so does putting it back on the market with seller finance a good ideal. The sub-2 is about to adjust to 9.25% from 6.25%, I've just purchased last night, the home has approx 160k of equity. Is there a seasoning period to refi a home to get ARV or will I only get actual sells amount. I would try to fix and flip but there is a lot of comp homes in area right now but none seem to be offering any creative financing. I figure offering a owner financing would give me an advantage. I would also like to pull some cash out of the refi, mainly the amount I have invested in the purchase. Any suggestion will be greatly appreciated.