Cash Out Refi in Colorado. 6-months on Title?

[Alan Mills]

Working my first BRRRR in Colorado. The property was purchased using cash from a HELOC. I'll be looking to cash out refi after rehab is done, but I'm having difficulties finding reputable lenders with competitive rates and fees who do not require at least 6-months on title (I'll be looking to do it in less than 90 days since purchase) before they are willing to do the loan. I'm being told this is, in part, to discourage house flipping. True? But this is a buy and hold property for me. The estimated loan will be about $120,000, so we are hoping for $160k ARV. I would appreciate any strategies that you can offer, either in posts below or private messages. Thanks!

[Harjeet Bhatti]

@Alan Mils You can cash out under delayed financing exception but that will be 70% of appraisal value or purchase price whichever is lower.