Cash-out refinance in Atlanta (BRRRR Method Investors)

[David Taylor]

Good evening,

For those that might be using the BRRRR method, what financial institution are using to do your cash-out refi (preferably Atlanta)?

We have a property we purchased in June using a hard money lender.  Most lenders are telling me I have to own the property at least 6 months before I can refi (January).

I am looking for that lender that can refi inside that 6 month period and can do a LTV of 80%. Who do you have?

Thanks for your help.

[Jerry Padilla]

@David Taylor 

It is a 6 month wait when you use financing to purchase the property initially, to cash out. 

You can refinance a property without any seasoning requirements. 

Freddie Mac allows a refinance of a SFR at 80% LTV without cash out. Cash out is a 75% LTV for a SFR. For a MFR there is a 75% LTV requirement on an investment property for a refinance and a 70% LTV on a cash out.