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Updated over 4 years ago on . Most recent reply

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Renee Yourk
  • Acton, MA
3
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8
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Florida Banks that Cash Out Refi in Less Than 6 Months

Renee Yourk
  • Acton, MA
Posted

Hello BP Forum!  I'm a newbie investor (have three investment properties).  I purchased a new construction in Palm Bay, FL for $220k but other similar homes from this same builder have been appraising in the $240-250k range.  I am thinking of paying cash and then financing so that I get back more cash to reinvest.  So do you think this is good idea?  If so do you know of any banks that have a quicker than 6 months seasoning period. 

Renee
 

  • Renee Yourk
  • Most Popular Reply

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    1,155
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    Melvin List
    • Lender
    • Tampa, FL
    379
    Votes |
    1,155
    Posts
    Melvin List
    • Lender
    • Tampa, FL
    Replied

    @Renee Yourk yes if you pay with all cash you can use the Delayed Financing Program and re coop the majority of the investment with out the 6 month seasoning rule

    • Melvin List
    business profile image
    C2 Financial

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