What are the Refinancing Rules

[Silvia Moreira]

Forgive me for the newbie question. If I go the BRRR route, do specific states have rules on how long one must wait before refinancing? I'm specifically interested in Pennsylvania but would like to have an idea on rules in NJ, too.

[Corby Goade]

To add even more the the above- if you use delayed financing (cash out in less than six months) it has to be an all-cash purchase at arm's length and you have to be able to document the source of the cash.