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Updated almost 7 years ago on . Most recent reply

User Stats

52
Posts
27
Votes
Michael Conway
  • Investor
  • San Diego, CA
27
Votes |
52
Posts

BRRRR Strategy in Cleveland Ohio

Michael Conway
  • Investor
  • San Diego, CA
Posted

I'm looking at purchasing a MFR property in Cleveland, OH and i'm wondering about cash out refi options. My hope is to use the BRRRR strategy and pull money our immediately after the property is rented. Does anyone have recommendations for lenders who will allow this without long waiting periods? I'm hoping to find an %80 LTV cash out refi option.

Michael

Most Popular Reply

User Stats

360
Posts
302
Votes
Dante Pirouz
  • Investor
  • Almont, MI
302
Votes |
360
Posts
Dante Pirouz
  • Investor
  • Almont, MI
Replied

I use Huntington Bank and they require a 6 month seasoning period after purchase but that usually gives me time to rehab and rent out for a good appraisal.

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