BRRR bank recommendations

2 Replies

Hi , 

I just purchased my first investment home, a 2/2 single family home, and i am looking for some bank recommendations that are BRRR friendly.

Specifically:

  1. Do they offer cash out?
  2. What seasoning period do they require?

Thanks,

@John Bastidas If the property has loan you have to wait for 6 month to cash out under conventional loan. If the property is free and clear you can cash out any time. 1 Unit 75% max cash out 2-4 unit 70% max cash out. Under delayed financing 70% is max cash out of appraisal value or initial purchase price which ever is less. 

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