Need advise for my first BRRR

[Christian Walker]

I am working on my first BRRR and needed some advise from someone who has done it before. The house I just flipped is now ready to be rented out but I still need a refinance on it. Can I have a renter in the house before I get the refi? or do I need to get that first then find a renter?

Thanks in advance!

Christian Walker

[Justine Scheuher]

Correct, rent it out and make that money ASAP!  Most banks want to see the property "season" for at least 6 months--meaning that you've own the property for at least that length of time. Renting it out benefits you so that property isn't just sitting there doing nothing. And it also looks good when the bank can see that its rented and the mortgage can be paid.