E20: The 6 Month Rule That Trips Up Vacant Property Refinances with Dylan Massey
About this episode
The episode discusses the challenges and strategies for refinancing vacant properties in a competitive market.
In this episode of The Deal Vault, Nate and Dylan step in for Greg and Sarah to break down a scenario that comes up constantly in today's market: what happens when a flip doesn't sell. With more sellers than buyers moving right now, properties are sitting longer, and a growing number of investors are deciding to hold and refinance instead of waiting out a sale. Nate and Dylan walk through exactly what lenders look at in that situation, from seasoning periods and list price history to appraised value and occupancy requirements. They cover the lending options that go strictly off the last list price versus the ones that will use a fresh appraisal, what happens when a property is still vacant past the six-month mark, and why working with a broker who can shop your deal across multiple lenders can save real time and money when a refinance doesn't fit the standard box. You'll Learn How To: Recognize how lenders use a property's list price history against its appraised value Choose between a lending option that caps you at list price and one that uses a fresh appraisal instead Plan around occupancy requirements when a property is still vacant past the six-month mark Use market rent…
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