BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago on . Most recent reply
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Phoenix - Refinance SFR without seasoning period
I just bought an investment property in Phoenix with the plan of BRRR. It's fixed up, am looking for a local lender who could refinance it based on Appraised value without seasoning period, instead of Purchase price.
Made a bunch of calls to quite a few Local credit unions, but no luck so far - asking 6 month seasoning or would lend on the purchase price.
Would appreciate if you have any references or tips for finding a lender who could ?
Thank you !!
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@Ravi Kiran here is article about structuring that you might find helpful that I saw on another thread.
https://www.biggerpockets.com/forums/48/topics/460294-how-to-cash-out-1-4-unit-property