No seasoning cash out refinancing

[Sean Spagnola]

Any cash out refinancing options that would not requiring seasoning?

From my own research this is unlikely. At best I've seen 6 month seasoning periods. 

I am targeting properties that have been on the MLS for longer than the average. Hopefully purchase for a discounted price. I'd mortgage them. Do a light rehab to increase ARV. Refinance and pull my down payment back out to start the next. Pretty much a classic BRRR.

I'm hoping not to have my down payments tied up for a 6 months to a year before I can repeat the process.

Any help and advice is truly appreciated.

[AJ Exner]

Hey Sean,

Should have quite a bit of DSCR options at 90 days, or even less. Especially if you have done even a little bit of work to the property.

Just keep good records/Scopes of Work on your rehab as some groups might limit you to a certain percentage over your cost (say 120% of cost basis), but still enough usually to get DP back.

Happy to connect to talk through it if you are interested.

Good luck!