How soon do you refinance your BRRR??

[Joe S.]

So my question is how soon are you refinancing your BRRR properties? So on my rehab loan I have 12 months to refinance. With the rising house prices a person that waits closer to the 12 months could potentially receive a higher appraisal. On the other hand whereas nobody knows the future and lending could actually change its ease in the future that could be a call for refinancing as soon as possible. I have been refinancing mine way before the 12th month. I have been second-guessing myself as well thinking man I could've got a better appraisal had I waited a little longer. So what's your thoughts? How are other investors handling the refinance time frame?

[Grant Thompson]

We always refinance our properties ASAP for two reasons.

1. We never want to be caught in a situation where we are running our of time on our rehab / bridge loan.

2. We want to pull our capital back our of the project as fast as we can in order to reinvest it.