Cash out refinancing

[Denver Chavez]

Hello,

My partner and I just bought a property in Memphis, which we acquired through a private short term loan. We want to BRRRR this property, so we plan to rehab and then refinance into a conventional loan. We would like to find lenders who's loan minimum is 75k, but more importantly we are trying to figure out a way to avoid the 6 month seasoning period. Does anyone have any recommendations for lenders who work with BRRRR investors or any creative solutions to avoid the 6 month seasoning period?

Thanks

[Reid Chauvin]

@Denver Chavez - for a conventional loan, if you want to cash-out refi based off of the ARV you have to wait the 6 months. Delayed financing, as already mentioned, is the only way to cash-out refi without waiting 6 months, and it's based on the acquisition price. Happy to help if you have further questions. The loan amount is not an issue.