How long does it take for a cashout refinance?

[Lawrence Holloway]

After a acquiring a rental property how long does it take to do a cash out refinance on it to start buying more rental homes?

[Tyler Mullen]

@Lawrence Holloway Depends how you do it.  If you use a residential product there's a 6 month or more requirement for the property to be in your name and occupied.  If you go with a commercial product there can be no seasoning requirement and then your answer is as long as it takes to process the loan, 20-30 days usually.  Did one last fall, owned it for a week, loan complete within that range.