Updated almost 8 years ago on . Most recent reply
BRRR refi with cash out?
We are planning to purchase a foreclosed 4-plex with hard money because it needs about $30k worth of repairs. When the work is finished, we want to finance it into a permanent loan and get cash out to move onto another property (the BRRR strategy). Will conventional lenders require the loan to season for 6 or 12 months, or will we be able to get financing in, say, 3 or 4 months?