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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago,

User Stats

120
Posts
34
Votes
Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
34
Votes |
120
Posts

The banks "seasoning" period

Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
Posted

Good morning BP,

I was reading this article Felipe Mejia posted about BRRRR for beginners, and it said this about the seasoning period.

Is this typically true? I've never done a BRRRR, but from what I understood, if I used a HML or private lender, I could refinance out immediately when the bank takes over. Can someone clarify? If it is necessary for the property to be rented for 6-12 months before refinancing, what are some ways around that. Let's say I did a 3-4 month rehab. How can I refi as soon as the rehab is complete?

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