How do I get a mortgage to pay off HELOC before the 6 mo period?

[Pete Stone]

Hello, I'm trying to use BRRR method. I'm new at this whole thing.

I just used a HELOC to buy a wholesale single family. purchase and rehab cost me $60,000. I want to pay off that HELOC (which is at 7.5%) with a new mortgage. However, after doing this I discovered there's a 6 month "seasoning period." I didn't know about this before I did it.

Anyway, I heard there's a way to create an LLC, put the home under the LLC, and then turn around and refinance immediately. Does anyone know how to do this, or have any guidance on where I can look to learn more about this?

Is there any other method to refinance immediately rather than waiting the 6 months?

[Wayne Brooks]

You do Not want to put it in an llc....that eliminates conventional 30 year fixed rate financing. Just wait the 6 months. A couple of extra points interest on $50k for a few months is peanuts compared to the alternative.