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Updated over 4 years ago, 07/02/2020
Seasoning on Cash Out Refinance???
Hey everybody.
So I have been trying to figure out the exact science on the cash out refinance that is involved in the famous brrrr strategy.
At first, I was under the impression that yes, you can find banks (typically local banks/credit unions) that don't have a seasoning requirement for this process.
But then I see a lot of people mentioning waiting 6 months for the seasoning on there brrrr strategy as if it is the norm.
I also purchased Brandon Turners book on rental property investing and he mentions having to wait the standard 6 to 12 month seasoning period.
Can anybody provide some clarity on this? Has anyone had luck with having a cash out refinance done without a standard seasoning period?
Thanks a ton for the feedback!