Pt. Bob

All About Pt. Bob

Tammy McDonald

Topics I've Participated In

Dean's Finance Center dgadmin2873 years 45 weeks ago
My 1ST Deal - Proof that ANYONE can do this!! bill97101125 years 34 weeks ago

Basic Info

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Sites I Visit

Mainly Just This One


Putting a second mortgage on rental

Anyone out there that can offer some direction on getting a second put on my rental.....I would REALLy appreciate it! I just purchased a short sale in the Phoenix area (closed a month ago) and would like to pull the equity back out to pay myself back for the down payment money that was used to purchase this property. Every mortgage broker I have spoken with in the Phoenix area is saying that I have to "season" the property first for 6 months. I don't have 6 months and really need to pull the funds back out. I need a lender that isn't going to require the 6 months seasoning. Does anyone know of someone that will do this?

Hi Tammy

John A's picture

Just wanted to say hi & welcome you to the DG site Smiling Don't hesitate to ask me anything about REI to help you on your way to success, so ask away & stay in touch on your progress...

Everyone Can Make A Difference!
John A.

Thank you~

I would love to talk with you more about REI. I am at a spot currently where I am frozen with FEAR and need to take that next step.