How soon after a sub -2 is in your name as in the deed can you refi the property? As well for how much ? Will it make any differance if the property is upside down on the refi?


Your probable going to need to own it on a sub - 2 for 6 months minimum for seasoning. (Check with your local lender) You can borrow 80% LTV of FMV for a 1st TD and potentially borrow upwards of 10 to 15% of FMV as a 2nd TD. 

No, it does not matter that it’s upside down provided you bring enough cash to the table to pay over and above what you borrow!

Good luck,


What if you get the bank mortgage to cash out of the mortgage you take over sub-2 for say 60 to 70 % of the fmv Would you be able to take the 10 to 20 % to your pocket ? If you were to get a 80 % refi ?