BRRRR - Refinance Step

[Chaits J.]

We are doing a BRRRR for first time and would like to know what are regulations around refinance step.

Property that we are looking to Buy,Rehab,Rent is a Duplex( Single family home that added an extra Mother In Law Suite with separate entrance later). My questions are:

1) What are seasoning requirements to pull the cash out via Refinance ?

2) Will our property be still considered as a Duplex Or SFH while bank looks at it for appraisal purposes ?

Thanks,

C

[Ronan Donnelly]

Hi @Matthew Doos, in order to be successful in anything we must be willing to put in the work and to stay engaged through tough times. The only way we will do that if what we are doing is very aligned to our own goals and objectives. I’d recommend taking the time to map out what your goals and dreams are and out of that exercise you can reverse engineer the best strategy. Once you pick a strategy that works for you, let the numbers drive your decisions. Good luck!