BRRR - Method. Anyway around 6 month seasoning?

[Freddie Williams]

I am looking for advice in regards to how to get around the 6 month seasoning for a cash out refinance. Does anyone have a bank that I can work with. I am running into a road block. Have called several with no luck. (or maybe some other options to do the same). Thanks in advance. 

Keep investing =)

[Kevin Romines]

As @Cassi Justiz mentioned, if you paid cash for the property and there is no lien against the home, then you can do a delayed financing refinance through Fannie Mae at the best possible rates. You are limited to the original purchase price + refinance closing costs to a max. of 75% LTV as a rental property.

The next option after that would be a Non-QM loan. These are not hard money loans, they are investor loans. They have rates between the Fannie Mae rates and as much as 3% higher or so, but much less than hard money. You can get 5/1, 7/1, 10/1 ARMS or 15, 30 year fixed rates on these programs. Most don't have any seasoning requirements, however some do? Your best to get together with a lender that has these programs available (typically a mortgage banker or a broker) I would also try to make sure the lender consistently works with a lot of investors. They will know best how to close the deal and what programs to show you.

The last alternative is to just wait out the 6 months and get a standard Fannie Mae cash out refinance. 

I hope this helps?