Updated over 5 years ago on . Most recent reply
Land Contract Question
I am working to aquire a property through a land contract. Once the contract has been executed I would like to do a cash-out refi and compete the payoff. Can I do this after 90 days (seasoning)?
Will lenders allow a cash out on an investment property?
Sale price: 85500
Appraisal: 115000
Dwn Payment: 40000
This property currently is Tennant occupied and I will continue to rent it as the market there is perfect for rentals. House is in great condition.