Updated about 6 years ago on . Most recent reply
Buy Rehab Rent Refinance Repeat
Do renter's have to be in the property paying rent for a minimum of one year to be eligible to refinance the property when using the "buy rehab rent refinance repeat (BRRRR)" method? Are there lenders that will refinance a property with the renters in it for only a month, or so?
Most Popular Reply
@Adam Richards
I just did one after owning the SFR for four months and with a renter in it. Paid 135k cash and fixed it up for 25k...so 160k all in. It got appraised for 215k and my bank was willing to give me up to 150k cash with a cash out refi.