BRRRR Refinance Question

[Jerad Casto]

If I purchase and rehab the property with cash, will I still need to provide the 20% when I refi?

[Jerry Padilla]

@Jerad Casto 

It does go based on assessed value. The closing costs could be rolled into the cash out refinance. Mortgaged properties #1-10 will be 75% LTV for a SFR and 70% for a multi-family with conventional financing, after 6 months of ownership. Prior to 6 months you can only pull out a maximum of the purchase price.