What no one talks about with BRRRs!

[Vincent Plant]

So I’m learning quick with the brrrr strategy that no one seems to talk openly about the 6 month waiting period on a brrrr before you do the cash out refi.

If you buy with a mortgage, you have to be on the title for 6 months before you can refi.

If you buy with cash you have to wait as well.

Everyone talks about brrrrs being a great “quick” strategy, NO ONE talks about all the waiting around.

Are you renting and then letting your tenant live there for months before refinancing? What if they blow the appraisal for you?