I have purchased a few homes over the last year, I have been good at making sure there are good cash flows and I have seasoned the homes for over six months, but I still can't get a decent refi with cash out.
It is amazing that I can not find anyone to refi these homes to pull some cash out so I can buy more homes. Today I was talking with some people and I get the same line that the seasoning must be 1 year and then I will only be able to go to 75% LTV.
Cash is not flowing yet and it is really cramping investors that are interested in purchasing homes in an effort to increase their value and hold them for decades to come.
Go Figure!
RJH
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