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Updated over 5 years ago,

User Stats

30
Posts
25
Votes
Tuvia Goldstein
  • Developer
  • Philadelphia, PA
25
Votes |
30
Posts

Refinance within 6 months or purchase?

Tuvia Goldstein
  • Developer
  • Philadelphia, PA
Posted

Hi All!

I am involved in my first few BRRRR deals and am realizing that the refi part of it isn't as simple as I thought. It seems that many banks dont allow for a refi within the first 6 months. Some allow for what they called delayed financing - which means you can only get financing on the cash that you put into the deal, but not more...

Does anybody have a good connection of a lender that specializes in getting good terms and rates on a refi within the first 6 months? I'm in touch with a few people, but wanted to see if the forum had any insight on this. Is it reasonable to expect to find a conventional method with low interest rates within this period of time?

Thanks!

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