The banks "seasoning" period
Good morning BP,
I was reading this article Felipe Mejia posted about BRRRR for beginners, and it said this about the seasoning period.
Is this typically true? I've never done a BRRRR, but from what I understood, if I used a HML or private lender, I could refinance out immediately when the bank takes over. Can someone clarify? If it is necessary for the property to be rented for 6-12 months before refinancing, what are some ways around that. Let's say I did a 3-4 month rehab. How can I refi as soon as the rehab is complete?