I was talking to a lender about BRRRing a property using a line of credit to purchase and rehab the property which I thought would get around this since it would be like purchasing the property with cash but they are still telling me that I wouldn’t be able to cash-out refi until 6 months.

Qualified Borrowers with decent credit and verifiable W-2 and/or Tax Return income can purchase a SFD, Townhome or Condo on the following program:Purchase loan at 95% LTV up to just under $851,000 with Closing Cost paid for cooperative, pre-approved borrowers. 

Does anyone know of a company (or individual) who would do otherwise for a great deal and someone who has great credit and which would be repaid very quickly??

To put things into perspective, I have a 635 credit score (because of some unpaid student loans in the past), am in the process of re-building my credit score, but want to leverage outside capital sooner rather than later..I'd appreciate any help!

@Raymond Y, I am not a lawyer, but, if you intend to make a credit check as part of your screening of (pre)existing tenants, I am not sure that you should - “credit” had already been extended to them, and they may still be covered by that original contract.

(Not surprising in our overpriced market.)We've decided to work with the tenant & have her child submit an application & we'll run the usual credit/background reports.I'm not thrilled to have 3 additional tenants because of added wear & tear.  

It has sparked dialogue with decisions makers and allowed me to hand out my business card. 

Hello All,I'm interested in creating an LLC to begin purchasing property under this umbrella but my understanding is it may be difficult to obtain financing under the LLC entity because of the lack of credit history. 

The reviews on google for any apartment are always bad so don't give too much credit to those.

A financing contingency isn't a blanked get out of the deal free card...