BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Is no seasoning possible?
I'm about to close on a property I intend to BRRRR. When it comes time to refinance, I'd like to use a residential loan rather than a commercial loan to take advantage of the lower interest rates and longer terms typically available. However, if I do a cash out refi on a non owner occupied property with a residential loan, I know most lenders require a 6 month seasoning period before I can refi. My renovations should only take a month or so and ideally like to refi shortly after they're complete once I get a tenant in the property. So my question is this - have you ever heard of anyone using a residential loan/lender that did not have a seasoning period?