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Updated almost 6 years ago on . Most recent reply

Kyle Moore's profile image
Kyle Moore's profile image
Kyle Moore
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Jul 21, 2019

User Stats

9
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0
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Kyle Moore's profile image
Kyle Moore's profile image
Kyle Moore
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Jul 21, 2019
Kyle Moore
  • Rental Property Investor
  • Phoenix, AZ
0
Votes |
9
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Signed Lease Required to Refinance?

Kyle Moore
  • Rental Property Investor
  • Phoenix, AZ
Posted

Do most lenders require a signed lease agreement in place before allowing you to refinance out of a hard money loan?

My plan is to BRRRR a short-term rental which will not have a lease agreement.

Can the refinance be done based on 75% of appraised rental value instead of relying on a signed lease?

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