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

User Stats

28
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4
Votes
Ravi Kiran
  • Rental Property Investor
  • Chandler AZ
4
Votes |
28
Posts

Phoenix - Refinance SFR without seasoning period

Ravi Kiran
  • Rental Property Investor
  • Chandler AZ
Posted

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 !!

Most Popular Reply

User Stats

30
Posts
23
Votes
Ingryd Hernandez
  • Real Estate Agent
  • Chandler, AZ
23
Votes |
30
Posts
Ingryd Hernandez
  • Real Estate Agent
  • Chandler, AZ
Replied

@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

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