BRRRR Method, wait 6 months to refinance?

[Wyatt Simon]

Hello BP Nation! 

My question is regarding the BRRRR Strategy. I have an equity partner that wants to invest in real estate with me and my thought is the best strategy would be to use the BRRRR Strategy.

However, my question with this after speaking with my lender is with the BRRRR Strategy, can you only refinance after 6 months of buying the property? That slows down my plan a lot.

Also once, refinancing will my partner be able to continue refinancing for future properties? I've heard that you can do this up to 10 properties, but I'm wondering with their debt to income ratio of that will actually work.

In the BRRRR Method is it usually a 6 month process?

Thank you!

[Andrew Syrios]

It all depends on the lender. Some want six months, some want a year or more, some are willing to refinance at appraised value right after the property is rehabbed and rented. If you can, you want to find the ladder.

As far as partners go, they can finance you as many times as they are capable and willing. I think you're thinking of Fannie Mae loans, which each individual can only get 10 of.