So with banks tightening down, how are we (as investors) able to stay afloat?
I have been in contact with several mortgage brokers and they all say it is impossible to put a property that is currently in your name, into your company name, and then refi it. and said they won't refi it if is in a company name anyway. They also said, that across the board (all banks that they work with) there is now a 6 month seasoning term on refi'ing investment houses.
So with this, it cripples my RE investing business. I can't do another deal cause I cant refi to get the money out.
So how do we continue? How is it done TODAY, not last year! Cause last year was simple to refi, how about TODAY?
Don't Wish the Past, Create the Future! - DH