Need Creative Financing for Scaling Up

[Joel Matthews]

I first posted to these forums about 1-2 months ago looking to get plugged into the community and meet people. Since then, my group and I have closed on our first property in Pensacola, Florida. 

We bought it using BRRRR methodology, all cash at $90k. We expect to spend about $30-$35k in rehab costs. And we expect our ARV to be about $200,000.

We talked to a few lenders and they said there is a 6 month seasoning period to cash out refi. 6 months will severely kill our growth, I was expecting every 3-4 months to be able to cash out refi and purchase a new home. Any ideas on how we can circumvent the 6 month seasoning period?

[Andrew Postell]

@Joel Matthews thanks for posting.  My first rental property was in Tallahassee.  Feel free to ask any questions about that article I wrote.  We've been using that strategy for years and years and still use it today.  @William Manning that for the bump.