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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Cash Out Refi in Under 1 Year?

Posted Apr 16 2024, 09:10

Hi all, I am doing my first BRRRR. Purchased a 4 plex in Cleveland in August last year and put a good amount of funds into renovations. I'm hoping to do a cash-out refi as soon as possible to take the funds back out. I know most lenders want to see a year of ownership but does anyone know if there are any exceptions here? Hoping to start discussions and see if I can complete the refi sooner than August if possible. Thanks in advance for the help.

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