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Updated almost 6 years ago on . Most recent reply

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Hannah Bowers
  • Columbus, OH
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BRRR Refinancing In Under 6 Months...Help!

Hannah Bowers
  • Columbus, OH
Posted

Hey friends! We bought a duplex in March with the plan of BRRRing our way to property number two. Unfortunately, we cannot find a lender who is interested in refinancing before we hit 6 months of ownership. Can you recommend a lender who may be more open to doing that sooner?

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Michael Ealy
  • Developer
  • Cincinnati, OH
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Michael Ealy
  • Developer
  • Cincinnati, OH
Replied
Originally posted by @Hannah Bowers:

Hey friends! We bought a duplex in March with the plan of BRRRing our way to property number two. Unfortunately, we cannot find a lender who is interested in refinancing before we hit 6 months of ownership. Can you recommend a lender who may be more open to doing that sooner?

 Here are your options to do a cash out refi before 6 months.

1. Talk to a commercial lender - the rate will be higher

2. Get a private lender

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