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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply

User Stats

135
Posts
37
Votes
Dan Turkel
  • Real Estate Agent
  • Springfield, MO
37
Votes |
135
Posts

Is no seasoning possible?

Dan Turkel
  • Real Estate Agent
  • Springfield, MO
Posted

I'm about to close on a property I intend to BRRRR. When it comes time to refinance, I'd like to use a residential loan rather than a commercial loan to take advantage of the lower interest rates and longer terms typically available. However, if I do a cash out refi on a non owner occupied property with a residential loan, I know most lenders require a 6 month seasoning period before I can refi. My renovations should only take a month or so and ideally like to refi shortly after they're complete once I get a tenant in the property. So my question is this - have you ever heard of anyone using a residential loan/lender that did not have a seasoning period?

Most Popular Reply

User Stats

87
Posts
64
Votes
Rich Ramjatan
  • Contractor
  • NYC
64
Votes |
87
Posts
Rich Ramjatan
  • Contractor
  • NYC
Replied

@Dan Turkel

It is possible . I am in a similar situation at the moment .

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