Cashout Refi a Seller Financed deal

4 Replies

@Jordan Tanner - Whether an individual is holding the note or a bank doesn't matter. You should be able to get a 75LTV loan. On $255K that would be $191,250. Minus fees and closing costs you should be able to achieve zero of your own dollars left in the deal. I know several lenders that could do this loan.

If you're on title, when the time comes for you to officially take over the property as yours, you can do a refi cash-out and close in your name/LLC. However, you'll need to be on title.