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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 5 years ago on . Most recent reply

User Stats

31
Posts
17
Votes
Tyson R.
  • Rental Property Investor
  • Salt Lake City, UT
17
Votes |
31
Posts

BRRRR Financing Help

Tyson R.
  • Rental Property Investor
  • Salt Lake City, UT
Posted

Hello BP! Those of you that are actively trying to BRRRR how are you able to refinance in under 6 months?

I'm currently looking to purchase a single-family with hard money, but all the mortgage brokers/bankers are all selling the notes on the secondary market and want 6 months and 1 day to start the application process to refinance.

I'll be purchasing in Missouri but have a reputable project manager that I'll be working with. He anticipates the work to not go past 3 months. Assuming we can start the rehab the same day we close it would be ideal if we could refinance sooner than 6 months. So how is it done?

Thanks!

  • Tyson R.
  • Most Popular Reply

    User Stats

    53
    Posts
    46
    Votes
    Dassi Lazar
    • Realtor
    • Baltimore, MD
    46
    Votes |
    53
    Posts
    Dassi Lazar
    • Realtor
    • Baltimore, MD
    Replied

    @Tyson R. I refi with Finance of America less than 6 months. No seasoning required.

    Loading replies...