Need help on the "Refinance" part of a BRRRR!!!

[Tyson Thompson]

So - Here are the details of the deal and what I'm looking to do along with questions. Please help!!!!

I am under contract on a property to purchase. I am going to do about $10k in renovations after closing. The purchase price will be $275k for a total hard money loan of $285k. It will only take about 2 weeks and then I plan to move into it. After I move into it, I'd like to refinance the property as a primary and refinance the whole $285k. I will have about $100k in equity at that point putting my LTV at about 74%. I am being told that I cannot refinance at the newly appraised value for 6 months??????? Does anyone know the workarounds to refinance using the newly appraised value? I don't need cash out, just a refinance. Thank you!

I thought I remembered David saying on a podcast that the 6 month rule only applied if there is a deed of trust against the property so I thought I could give a deed of trust against a different property and buy the new property without a deed of trust......