Posted by Don Dion on August 16, 2003 at 10:04:56:
PP plus cost of materials and labor no seasoning required. If the investor wants cashout based on appraised value 12 months seasoning.
Construction loans - Posted by Allison Stallworth
Posted by Allison Stallworth on August 15, 2003 at 22:11:28:
If an investor purchases a property and makes improvements to the property using a construction loan in Georgia, how long does he or she have to wait before they can refinance and pull cash out?
Re: Construction loans - Posted by James Strange
Posted by James Strange on August 16, 2003 at 11:35:12:
If you want the best rate you will need to wait 12 months. If you are not rate sensitive just complete the rehab and refi.