BRRRR Question

[Jay Baxter]

Hello everyone! I have a newbie question related to Brandon's BRRRR strategy. If I pay cash for a SFR in Birmingham Alabama, rehab it, and rent it out, will I have to wait several months to let it "season" before I can refi and pull 80% out? In other words, does paying cash for the deal help me get around the seasoning requirement so I can go on to the next, or will I still have to wait some period of time before I can finance the equity out?

Thanks in advance to all you helpful folks that post here!

Jay

[Jason Green]

I've asked my mortgage guy this before. Makes no sense but yes you have to season the deal. However there is a deal a local guy can do called delayed financing. Basically paying cash with intent to finance. Pm me if you need info