BRRRR Question: When Can I Refinance?

[Joseph Duenas]

If I purchase a house with cash, how soon would a bank allow me to do a cash out I''ve been told six months, but I"m hoping this is not the case. 

[Alexander Felice]

6 months is very standard when using fannie/freddie loans

you can do less if you find a local lender who likes what you're doing, but it's not super common. 

there are exceptions like delayed finance but they come with some significant restrictions. 

Whats' the problem with 6 months? how fast are your rehabs/tenant placement/loan underwriting now? How much are you going to shave off from the normal process?