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Updated over 3 years ago on . Most recent reply

BRRRR - Hold requirement before cash out refinance?
Is there a time requirement of how long I have to own a property before I can do a cash out refi?
Assumption is I am doing a BRRR.
Example:
Month 1: Buy property and rehab it (est 30 days)
Month 2: get it appraised after rehab. Can I get the cash out refinance at this point assuming the appraised value is actually higher? This the property would be owned by me for only 2 months here.
And finally if there is this type of time requirement is it lender or product specific?
Most Popular Reply

If you are trying to get fanny mae financing on the refiance you will probably need to wait 6 months. If you are using an in-house product with commercial financing talk to the bank. I have heard some doing it as soon as you want. Some having a seasoning requirement.
- Jared Hottle
- [email protected]
- 319-288-5382
