BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago on . Most recent reply
Cash out refinance in less than 6 months ?
Currently in the process of purchasing a property that i plan on using the BRRR method. However the private and hard money lenders that I am in contact with say that the earliest they can refinance is 6 months. Is this normal considering the climate or is it lender based. Considering my efforts to move on to the next mult as quick as possible I would like to refi once tenants are in there.
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Trey Prince yeah, find a different lender. One of the main points of the BRRRR method is refinancing quickly. You need to work with lenders that have no seasoning requirements at all.