BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago,
Cash out refinance question
Let's say you buy a property from MLS cheap enough to BRRRR and get your money out. Property condition was good enough so you used a conventional loan for the purchase, then paid cash for the rehab.
Is there gonna be a problem if you try to cash out refinance just after 6months of initial purchase? I am looking for any lender restrictions that I might not know of. I know most people use private or hard money so I wanted to know if using conventional loans for acquisitions make a difference in the BRRRR process.
Thank you!