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Updated almost 3 years ago on . Most recent reply

User Stats

5
Posts
9
Votes
Michelle Figueroa
  • Investor
  • Greensboro, NC
9
Votes |
5
Posts

Refinancing (BRRRR) Lender Recommendations

Michelle Figueroa
  • Investor
  • Greensboro, NC
Posted

I'm planning to BRRRR my next property but looking for a bank who could refinance a property after I renovate & rent it. Does anyone have any experience with a financial institution in North Carolina who might refinance a property within 6 months of purchase? Thank you!

Most Popular Reply

User Stats

35
Posts
21
Votes
Justin Landesman
  • Lender
  • Los Angeles, CA
21
Votes |
35
Posts
Justin Landesman
  • Lender
  • Los Angeles, CA
Replied

Hey @Michelle Figueroa

There are some great banks with products that have NO SEASONING requirements. Are you looking to qualify full doc with W-2's, tax returns etc or looking for a lighter doc program? Either way, as long as you have over a 650 mid FICO score and at least 25% as is equity you should be good. =)

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