Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Friday, November 15, 2013
All Cash Investor Buyers Can Finance After Close of Escrow
Many investors or home buyers are paying all cash to buy a condo, house or multi-unit property in
order to win multiple offer situations, foreclosures or short sales.
Placing a loan on the property after close of escrow may be a good way
to recoup funds for use elsewhere. If a loan to pull money out of the
property is done within 6 month of acquisition, then standard refinance
rules apply. This method avoids the more costly cash-out loans. Let's
talk about this strategy in detail before your time frame is up.
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