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Updated almost 5 years ago,
BRRRR - Refinance Step
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