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Updated over 4 years ago on . Most recent reply
Cash out refinance with no seasoning period
Hey guys! I'm a new member of the BiggerPockets community and new investor in the Houston/Texas market. I was hoping to learn some tips and tricks surrounding cash out re-financing on rental properties. I have read that there are lenders who do not require a seasoning period of 3-12 months when do cash-out refinancing if the source of the capital on the purchase/rehab does not come in the form of a gift. Are there any tricks in finding this or is it not likely to find this option in the post-COVID world? I look forward to hearing the advice anyone is willing to share and so glad to be part of the BP community. Thanks all!
-Adam Moody
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#2 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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#2 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
@Adam Moody, the only time I was able to get around seasoning was with banks I had an existing relationship with for at least the last couple years. But I am a) not in Texas, and b) have not spoken to every bank. But given the general move to less risk since COVID, I would imagine, they are even fewer and further between than 9 months ago.