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Pay cash, ‘season’ the property for 6-12 months with renters and THEN finance. It is typically easier to get financing on property you already own vs. new purc
by bequanna 6y ago
Pay cash, ‘season’ the property for 6-12 months with renters and THEN finance.
It is typically easier to get financing on property you already own vs. new purchase.
- toomuchtodo 6y agoFor those who need the magic incantations, this is a cash out refinance (where you’re stripping cash out of the property with your equity). If you’re not taking cash out, it’s just a “rate and term” refi (which are usually very easy to have done, depending on your financial and credit situation).