BRRR Financing Recommendations?

[Jeff Roberts]

Hello Everyone,

I'm looking to cash-out refi a single family home that is worth about $100K that I have owned since November.  I did the rehab, have a tenant, and would like to get some cash back to do it again.  Who is willing to overlook the 12 month seasoning requirement?

Thanks

Jeff

[Stephanie P.]

@jeff roberts

The seasoning requirement from Fannie Mae is only 6 months.  Find a lender that doesn't have overlays.

If you don't qualify for conventional financing for one reason or another, portfolio lender/brokers should be able to help, although your loan amount may be an issue.  Generally, 75K is the minimum although there are a few that will go lower.

Stephanie