Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

43
Posts
14
Votes
Adeel Makda
  • Investor
  • Skokie, IL
14
Votes |
43
Posts

BRRR Strategy - Question

Adeel Makda
  • Investor
  • Skokie, IL
Posted

I want to implement the BRRR strategy, but before doing so I had a question because this would be my first time possibly doing it.

If I would pay for a property and rehab in cash, how long does it typically take to pull out Equity from the property? From my understanding it can take up to 6 months. Is there anyway to pull it out sooner? Are there any lenders that will allow you to pull out the equity quicker this way I can work on the next project? 

Thanks!

Adeel Makda

Most Popular Reply

User Stats

2,367
Posts
746
Votes
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
746
Votes |
2,367
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

If you are spending cash you can cash out under delayed financing exception any time otherwise you have to wait 6 month. 

  • Harjeet Bhatti
  • Loading replies...