Refinancing on the BRRRR strategy
1 Reply
Paul Duncan
from Raleigh, North Carolina
posted almost 3 years ago
What are some of the restrictions you have to take into account on the refinance when doing the BRRRR method? Isn’t there restrictions on the property seasoning or “cashing out” on an investment property? Does the loan type or the lender make a big different, and can do you do that with a conventional loan?
Will Gaston
Rental Property Investor from Columbia, SC
replied almost 3 years ago
@Paul Duncan I'm not 100% sure but believe it is six months for conventional loans, however there are portfolio/commercial lenders in my market that I've done BRRRs with that don't require any seasoning.
That may be something to consider if you're looking to grow quickly, especially if you're buying in/through an LLC.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you