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Rigo V.
  • Investor
  • Morris Plains, NJ
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Any lenders that can refinance this?

Rigo V.
  • Investor
  • Morris Plains, NJ
Posted Jul 26 2017, 16:26

Hello everyone I am wondering if anyone knows a lender that would refinance without the 6 month seasoning period?

I will put some numbers to it to make it clearer.

ARV$ 130,000.00
Purchase Price$ 83,000.00
Rehab$ 5,000.00
Closing$ 3,000.00
Down Payment$ 20,750.00

I am looking for a creative way to move capital and purchase properties without getting "stuck" during the seasoning period.

Also how do you look for a lender that does this? Do I just ask around? 

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