For those of you using the BRRR Method
Hi all,
For those of you purchasing properties "cash", using the BRRR method, and then trying to cash-out in the cheapest way possible, how do you get around the agency guidelines regarding cash-out refis inside 6 months of purchase? It state that if you want to cash-out based on the "new appraised value", it will have to be after 6 months, otherwise, you can include all costs, original price, and penalties to arrive at 75% loan to value.
What loan products would you recommend if this is the case? I'd love to hear your thoughts as I am sure I am not the first investor to come across this.
Thank you,
Jose Corbera