I cant seem to find someone that can refinance my purchase

[Tein Hlwa]

hey guys so I'm trying to do my first BRRRR, I've got the hard money lender part figured out. The part I am struggling on is finding a lender that can do a cashout refi after the rehab...Apparently it's a federal restriction that you have to wait until after 6 months of purchasing. Is that true? I am in Virginia fyi. Thank you!

[Marsay Winder]

You can always try a mortgage broker and they will have a portfolio of lenders who can help you out. I had a similar problem a few years ago where I had to cash out my seller quickly and a broker helped me out. Of course you will pay more for it at closing but in a pinch that's an option. Much better than paying penalties to a HML