Advice Needed for Delayed Financing

[Roli E.]

Hello All,

I am based in Oregon. I purchased a property with cash about a month ago and did a rehab. I intend to hold the property as as a rental. I am trying to get a mortgage loan on the property and pull out cash to cover my purchase plus rehab cost . I have approached 2 lenders so far and they have both told me that I have to wait 6 months to pull out the amount I am requesting or pull out cash right now  that is equivalent to the purchase price only and not include the rehab cost. This is very frustrating as they have both wasted 1 month of my time before communicating this requirement.

Am I doing something wrong or I just haven't spoken to the right lender yet? How do you guys make BRRRR work?