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Updated almost 2 years ago on . Most recent reply

TaRa Mehta's profile image
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TaRa Mehta
  • Member since May 12, 2022
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TaRa Mehta's profile image
TaRa Mehta's profile image
TaRa Mehta
  • Member since May 12, 2022
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TaRa Mehta
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Brrrr Refinancing with a mid-term rental

TaRa Mehta
Posted

Hello All,

We just finished the reno on our first BRRRR project. I've been approached by a housing specialist asking if we would be interested in renting the place out for 6 months for a higher rent. Naturally I want to proceed. Question - Will this affect the refinance process if I only have 6 months lease signed ? FYI I'll be doing a commercial loan.

Thanks in advance ! 

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Alli Breighner's profile image
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Alli Breighner
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  • from San Diego, CA
  • Member since Nov 8, 2022
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Alli Breighner's profile image
Alli Breighner's profile image
Alli Breighner
  • Lender
  • from San Diego, CA
  • Member since Nov 8, 2022
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Alli Breighner
  • Lender
  • San Diego, CA
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Alli Breighner
  • Lender
  • San Diego, CA
Replied

I agree with @Jaron Walling

I'd love to discuss more details if you're interested.

Happy to connect!

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