I just bought a fixer for $310K and I am doing a major upgrade of about $60K which includes a legitiI just bought a fixer for $310K and I am doing a major upgrade of about $60K which includes a legitimate and permitted addition of 160 sqft to this home. How can I refinance and cash out the money of I am putting in for repairs? I have been told I have to wait for one year, is there a faster way to do this? thanks, Mike S.March 06 2012 - Tustin00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.