The Refinance "R" of BRRRR

[Josh Wallace]

I love hearing about the BRRRR method and how it can be executed. I am wondering, can anyone breakdown the Refinance R? I have heard that it generally takes about 12 months before you can refinance and cash out the equity if the property but how does one go about refinancing a property? I am guess it is more than just asking a lender if you can simply refinance the property. Any feedback would be appreciated.

[Josh C.]

Wrong. It is that simple. Calls 10 banks today and ask them what their terms are for a cash-out-refi and standard refi. Tell them your income and debts and your plan and you'll know everything.

Problem solved! Today's problem was easy!