Avoiding 6 Months on a BRRRR Refinance?

[Johnny Sweet]

Hi everyone! I purchased my first BRRRR investment property in June (via MLS) with hard-money financing. We rehabbed the property, placed tenants, and are in the process of refinancing into a 30-year mortgage. So far it's going well, however...

I spoke with five different lenders this summer, and all of them said there is a 6-month minimum for when they can factor in a new appraisal on a refinance. Prior to six months, they would have to use the original purchase price, which obviously doesn't help me.

Has anyone successfully found a way around this 6-month requirement?

Note: I'm in the Phoenix, AZ area.

[Rese White]

@Johnny Sweet Just curious who you’re using to pull cash out?