@Andrew Postell has a great post about refinancing before the 6-month seasoning without using the delayed financing exception, aka rate and term refinance.

See #3 here: https://www.biggerpockets.com/forums/48/topics/460...

This is the scenario:

Property purchase price - 60k

Rehab estimate - 40k

ARV - 150k

For the BRRRR strategy to work, the refinance has to be 100k. So my question is, can I get a mortgage of 100k at the time of purchase in this case, and then do a rate and term refinance to pull my money out, even though the purchase price is 60k?

Would love to hear from someone who has experience doing this.