『E20: The 6 Month Rule That Trips Up Vacant Property Refinances with Dylan Massey』のカバーアート

E20: The 6 Month Rule That Trips Up Vacant Property Refinances with Dylan Massey

E20: The 6 Month Rule That Trips Up Vacant Property Refinances with Dylan Massey

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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 valueChoose between a lending option that caps you at list price and one that uses a fresh appraisal insteadPlan around occupancy requirements when a property is still vacant past the six-month markUse market rent exceptions to qualify for a refinance even without a tenant in place yetWeigh a shorter prepayment penalty against a better interest rate based on how long you plan to hold Who This Episode Is For: Flippers whose property has sat on the market longer than expectedInvestors considering switching a flip into a long-term hold and refinanceAnyone confused about how lenders treat list price versus appraised valueInvestors nearing the six-month mark on a vacant propertyBorrowers who want to understand prepayment penalty tradeoffs before locking in a refinance Episode Highlights [0:25] –Nate and Dylan step in for Greg and Sarah, and introduce today's tactical topic [1:15] –What to do when a property doesn't sell, and why more sellers than buyers is driving this scenario [2:18] –Deciding to BRRRR a stalled flip instead of continuing to chase a sale [2:37] –Why lowering the price is the first move, and how underwriters check list price history [3:25] –The seasoning periods lenders use, ranging from three to twelve months [4:07] –Why a lender will cap you at your lowest list price rather than a higher appraisal [4:48] –Why bumping the price back up right before refinancing does not fool a lender [5:14] –Appraisals that do come back higher than the last list price, and how often that happens [6:18] –The lending option that ignores list price entirely and uses the appraised value instead [7:00] –A real deal example where a fully vacant refinance option got a client a higher value [8:03] –Why lenders still run a collateral desktop analysis even when they accept the appraisal [8:47] –Why occupancy, not just list price, is the other major factor lenders weigh [9:34] –What happens when a property is vacant past the six-month mark [10:16] –The market rent exception, and the haircut lenders apply when a unit isn't rented yet [11:03] –Mitigating factors that help win an exception: investor experience, credit, and liquidity [12:00] –Why working with a broker can find the right fit instead of forcing a deal into one lender's box [12:57] –Having the refinance conversation before a flip even fails, not after [13:53] –Testing a property as a rental listing alongside the for-sale listing to gauge demand [14:51] –Weighing prepayment penalty length against how long you actually plan to hold Key Takeaways Lenders typically use whichever is lower, your last list price or the appraised value, unless you use a lending option specifically built to ignore list price and rely on the appraisal instead.You cannot fool a lender by bumping a list price back up right before refinancing. They can see the full price history, including every markdown along the way.Occupancy matters as much as price. Once a property has been owned longer than six months, most lenders want to see a tenant in place, though some options will use market rent with a haircut if it's still vacant.Strong investor experience, credit, and liquidity can help win an exception on a refinance that would otherwise get capped or declined.Working with a broker who can shop your deal across multiple lending options often finds a better fit than going direct to one lender who has to force your deal into their specific box.A shorter prepayment penalty comes with a higher interest rate. It's only worth trading down if you are genuinely confident you'll sell within a year or two. Connect & Learn More LoanBidz (loan inquiries, rehab loans, refinances, and consultations) 👉 https://loanbidz.com Call to Action If you've got a flip that's sitting longer than you hoped, don't wait until the listing expires to think about your refinance options. Reach out and let's map out your path before the train's already moving. Subscribe, share this with an investor working ...
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