Newbie here. Just finishing up 2nd project. I would like to buy more properties, but have all of my cash tied up waiting for seasoning on last couple of projects. Is there a way to refinance sooner, without having to wait for seasoning (typically 6 months from my experience). TIA!
@Chris Turner , typically no. I was able to refi based on appraisal on my third BRRRR at 3 months, but I already had two loans with this lender, and I was taking out a commercial loan. The first two I had to wait the full 12 months from acquisition to refi based on appraisal.
But, reduced seasoning is one advantage of going directly to the commercial side of the bank to start your relationship.
@Chris Turner yes, but rates a little higher than banks.