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Jay Hillelsohn
  • Rental Property Investor
  • IL
1
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brrr refinancing in south Chicago

Jay Hillelsohn
  • Rental Property Investor
  • IL
Posted

Anyone in south Chicago (Calumet city, Dolton) know of banks that will do cash out on single family homes under 6 months?

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Erica Larence-Penna
  • Attorney
  • RI
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Erica Larence-Penna
  • Attorney
  • RI
Replied

@Jay Hillelsohn from what I understand, if you refinance within six months after purchasing it, you'll be limited to acquisition costs and closing costs.  You won't be able to recoup anything spent on the rehab.

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