Investing in student housing
I have an opportunity to invest in student housing but my lender said they can’t do refinancing. I plan to purchase a multi unit property with cash rent it out to students and refinance so I can pull the money out. Should I look for other lenders who can work with me? by aukjan213 from Chandler Heights, Arizona. Aug 15th 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
When you buy a property with cash, and quickly refinance to get your cash back, that is known in the mortgage world as 'deferred financing'. I have a recent article on my web site about it at https://joemetzler.com/buy-with-cash-get-a-loan-afterwards/ Loan to value and other restriction apply. Reach out to a local mortgage broker about your personal situation. I provide home mortgage loans in MN, WI, IA, ND, and SD. Cambria Mortgage, NMLS 274132
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