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Updated about 8 years ago,

User Stats

10
Posts
2
Votes
Steve Volk
  • Homeowner
  • Johnstown, PA
2
Votes |
10
Posts

BRRRR Timeframe?

Steve Volk
  • Homeowner
  • Johnstown, PA
Posted

I should be closing on a SFH in early December and having it rent ready about a month later after my planned renovations are complete. My plan is to use the BRRRR strategy for future buy and hold investments to start my portfolio. My question is how long should I wait or, will a bank make me wait to refinance the house. Will they want to see a steady rent income of a few months from the property or will they base the equity solely on the value of the house and the rent history won't come into play? I'd like to refinance as quickly as possible and I'm hoping that it can be done in a short amount of time.

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