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Updated about 3 years ago on . Most recent reply

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416
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188
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Mike Schorah
  • Rental Property Investor
188
Votes |
416
Posts

Less Cash if Refinance BRRRR Before 6 months with HML or CU?

Mike Schorah
  • Rental Property Investor
Posted

Will you get less cash if you refinance a BRRRR before 6 months with hard money or a credit union?

On BP podcast episode 567, David Greene said that you can do a cash out refinance on a BRRRR before 6 months by using hard money or a credit union instead of doing a cash out refinance with a non-credit union bank. But, will this give you less cash compared to doing a cash out refinance after 6 months?

Most Popular Reply

User Stats

129
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89
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Tristan Gardner
  • Rental Property Investor
  • Mansfield, OH
89
Votes |
129
Posts
Tristan Gardner
  • Rental Property Investor
  • Mansfield, OH
Replied

I've found some of my local small banks here in Ohio don't even have a seasoning period and let me refi once the project is complete. I've not had this luck with the large banks

  • Tristan Gardner
  • Loading replies...