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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago,

User Stats

22
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12
Votes
Sean Beyrouthy
  • Clifton Heights, PA
12
Votes |
22
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BRRRR - Seasoning Period - Refinance

Sean Beyrouthy
  • Clifton Heights, PA
Posted

Hello all! I am an investor in Delaware county right outside of Philadelphia. I currently have two rentals properties near Widener University and looking for my third. I know finding a full BRRRR in the current real estate environment is near impossible, but I was curious how investors currently doing the BRRRR method are able to get out of their hard/private money and have the bank acknowledge the new value of the rehabbed house before the 1-year seasoning period?

All the banks I have talked to will only give me financing on the LTC rather then the LTV of the rehabbed house if it is before the 1-year seasoning period, thus I am not able to get as much money on the back end as I would like or I have to wait a whole year to refinance out.

Is anyone else having this issue? Would love to get some insight, feel free to message me as well, always looking for new connections. 

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