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Pennsylvania Real Estate Q&A Discussion Forum
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Updated over 6 years ago,

User Stats

15
Posts
8
Votes
Darci Minshall
  • Fleetwood, PA
8
Votes |
15
Posts

Finding banks for BRRRR method

Darci Minshall
  • Fleetwood, PA
Posted

Hello all. I am working on my first buy and hold deal. I'm preparing for the refinance portion and I'm having trouble finding a local bank to work with. I have now called 11 local banks and Credit Unions. None of them will let me do a cash-out refinance any sooner than 6 months. Well that's not true. I did find one but they have a cap of $50,000. I'm paying more than that just to purchase the home nevermind the rehab. Anybody out there in Berks County Pennsylvania have luck refinancing in a shorter time frame? Thank you in advance.

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