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All Forum Posts by: Corbett Brasington

Corbett Brasington has started 35 posts and replied 61 times.

Private Lending & Conventional Mortgage Advice

Post: BRRRR - Hold requirement before cash out refinance?

Corbett BrasingtonPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 67
  • Votes 28

Is there a time requirement of how long I have to own a property before I can do a cash out refi?

Assumption is I am doing a BRRR.

Example: 

Month 1: Buy property and rehab it (est 30 days)

Month 2: get it appraised after rehab.  Can I get the cash out refinance at this point assuming the appraised value is actually higher?  This the property would be owned by me for only 2 months here.


And finally if there is this type of time requirement is it lender or product specific?

0 Votes