In real estate the best option is no money down option. I would rather buy a property with no money down than pay $400,000 less for the property. If the income will take care of the mortgage and the expenses, all is well. We have lined up lenders like: California Community Bank, MOP Financial, and Wescom say a year of holding the property is enough to refinance if the financial data meets their criteria.
We open an account in each banking institution where we expect to refinance. So, when it comes to refinance it will be easy for them to check, Almost all Community banks in every major city will lend if the financial data is sound and good.