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Updated over 5 years ago,
Refi after using Hard Money
Hello all:
I purchased my first duplex last month and my plan is to BRRRR it. I plan on going in and doing all of my renovations in July after the last tenant moves out for a value-add. I've heard mixed things about whether I have to wait 6 months or not to do a refinance. I'm just trying to see if there anybody that used hard money, and then refinanced in less than 6 months before I start calling every bank in a 50 mile square radius for no reason... PS, I set up an LLC to purchase the property as a requirement for my hard money lender, if possible I would like to keep the property in the LLC.
Thanks in Advance!
Andrew