If you're doing a rate and term refinance, there's typically not a seasoning period but again it's common for lenders to require it be rented first.If you're doing a DSCR cash out refi, it may not need to be rented first but you're probably paying a higher rate.Your best option is to call a loan broker you trust and go through the options based on your current situation.

Keep those parameters in mind as well.Lastly, A great HML would have options for you to transition into after your loan term ends with them.Best of luck to you on your journey!!!

Running a sort of mini poll:How many users purchase BiggerPockets Pro, and what are some of the features provided that help justify the monthly price point to those of you that have bought it?

Not as many hotels in the area except next to some ski resorts but during covid it got crazy. we bought one for $25k at a foreclosure sale in 2015 and could not give it away in 2019 for $50k then in 2021 we sold it for over $120k. 

Im British and have been in Dubai for 13 years also selling real estate at Keller Wiliams so very happy to help with any questions you may have.So I bought my own property here in Dubai last year, an offplan townhouse at 2.1 mill aed , today it is worth 3 mill aed!

I bought my first rental in June of 2024 and have had a tenant that has been making late payments since day 1.

And yes, I understand that they do not have to notify us if the note is bought out.

I bought it with my mentor and partner who has experience in renovation and hard money financing Congrats!

What other options would be good?  

I bought my first rental in London, ON in October 2019, and recently sold in August 2024.