Hey everyone! Currently located in Mobile AL. I have 2 homes that I’ve rehabbed that I’d like to pull equity/initial investment out of and would prefer to go the DSCR route and shooting for 80% LTV and preferably no s...
I’m told I cannot cash out refi for new value of property until a year has passed. Purchased 3 units for 90 cash, rehabbed and rented, bank says can’t use new value for a year. That will take way too long to replica...
Hello!Rehab ($25-$30k) on my first BRRRR is coming to a close (Purchased mid January) and I am now hunting down financing. I paid cash for the property and am looking for an 80% LTV cash out refinance. I got a quote s...
Hi all,I’m looking to BRRRR a property in central IL using a heloc to purchase for “cash”. When the work is done, is there still a seasoning period before I can finance the property to pull my cash out?
Hi all, New investor here with some questions on the refinance portion of the BRRRR strategy. Most banks that carry Fannie/Freddie loans have a seasoning period of 6 months which is a long when you have carrying costs...
During the COVID years, I know people were able to refinance rather quickly (3-6 months). How has that changed in 2023 (going into 2024) considering the higher interest rates and economic inflation from late 2022 thr...
Is it possible to get delayed financing on a home I bought and renovated and rented with my own cash in order to get some money back quickly? And then get the rest by refinancing the delayed finance after a seasoning ...
So I am having a good time flipping short sales using my option agreement and suddenly I have my first lender throw a monkey wrench in my closing because of seasoning. Okay so I thought that dodging FHA like the plagu...
Anyone finding lenders who do 6 month cash out refinances lately? All of the lenders I’ve used are/have pivoted to 12 month seasoning periods. Not sure if this is a product of the changing times or its just time to lo...
Hello all, so i bought a property in Cleveland OH using hard money terms are 6 months, initially reached out to my lender before the deal about a possible cash out refi which she wrongfully told me i could right way ...