How soon can you refinance out

[Travis L Garris]

Question? I'm looking to purchase a condo or sfh with using either a private lender or hard money. How soon can I refinance on the brrr method to pull the cash out? The property would be in Orlando, FL. I have someone I would be renting to starting I believe in June. Would it be possible to refinance in 3 months or so if I bought it and rehab it in a month? I was under the impression 6 months was the threshold in order to refinance. Btw, this would be my first deal. I'm not worried about cash flowing as long as I'm breaking even. But properties I've ran numbers on have me cash flowing at least $150-200. 

[Austin F.]

6 months on a cash out refi with 80% LTV max double check with your lender on the LTV, it may vary.

I read today there is a loan product that will cash you out immediately, but will not pay over purchase price plus closing costs so if you just want to make a competitive offer and rehab isn't that much this could be worth looking into.