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Lindsay G.
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A few questions about BRRRR

Lindsay G.
Posted Sep 11 2019, 10:44

Hello! I'm planning on starting the BRRRR strategy for out of town properties next year after I sell my condo. I will have a fair amount of cash to get started. A few questions. 1. If you have the cash is it better to use it for these instead of initially financing?

2. Is there still a seasoning period for refinancing with a conventional loan if you pay cash for the property? 

3. If I do delayed financing to get my money back quicker, should I still be looking to refinance once it's seasoned to get more cash out if 100% of the HUD (including rehab costs) is less than 75% of the LTV (which obviously I hope it is) ?

Thank you!

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