Cash out refi on "subject to" purchase

[Clint G.]

Have any of you ever done this? Are there cash out refi rules on a sub 2? I may end up buying a property to BRRRR sub 2 and using my own cash for the rehab.

Thanks!

[David M.]

@Clint G.

Seasoning should be on the loan...  loan should have been around for more than 6months.  With covid-19, talk to your lender and make sure you can get the cash out refi on an investment.