Cash out on Rental Property You bought with CASH
Normally, the rental property home buyer would need to wait 6 months to get reimbursed per standard cash-out rules.
“Delayed financing” refers to the practice of buying a home with cash, then reimbursing the purchase with a refinance.
Mid-2011, Fannie Mae rolled out the “delayed financing exception.” Home investors may now receive a cash-out refinance after closing.
What is the max LTV on an investment property?
Max Loan to Value on Investment Property is 70-75%, loan amount vs property value. Depending on lenders.