Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

20
Posts
16
Votes
Austin Jones
Pro Member
  • Rental Property Investor
  • Alpine, CA
16
Votes |
20
Posts

Does using a Hard Money Loan create Cash Out Refi Issues?

Austin Jones
Pro Member
  • Rental Property Investor
  • Alpine, CA
Posted

I've just completed the renovation on my 4th BRRRR Property and we placed a tenant in the property last week - it is my 6th property.

The issue I have is that I only have enough capital to do one deal at a time.  One reason I have avoided Hard Money is that when refinancing my property to pull my cash out and go the next one, my lender has always asked for verification of funds used to purchase the home originally.  Will using Hard Money cause any issues there?  Does anyone have experience with this when not waiting the 6 month seasoning period?

Thank you in advance!

Austin Jones

  • Austin Jones
  • Loading replies...