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Updated over 16 years ago on . Most recent reply

Dave Versch's profile image
Dave Versch's profile image
Dave Versch
  • from Murray Hill, New Jersey
  • Member since Jun 19, 2008
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Dave Versch's profile image
Dave Versch's profile image
Dave Versch
  • from Murray Hill, New Jersey
  • Member since Jun 19, 2008
Connect
Dave Versch
  • Murray Hill, NJ
15
Votes |
204
Posts
Creative Real Estate Financing

Refinance right away?

Dave Versch
  • Murray Hill, NJ
Posted

Hi. I'm pretty new to real estate investing. I just purchased a rental for cash, using the HELOC on my residence (I got a better deal paying cash). I'm looking to refinance as soon as possible. Spoke with my bank, and they said they can't do a refi until I've owned the property for 6 months. Is this standard? Are there alternative methods with reasonable interest rates? Thanks.

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