Cash out refinance in less than 6 months ?

3 Replies

Currently in the process of purchasing a property that i plan on using the BRRR method. However the private and hard money lenders that I am in contact with say that the earliest they can refinance is 6 months. Is this normal considering the climate or is it lender based. Considering my efforts to move on to the next mult as quick as possible I would like to refi once tenants are in there.

@Trey Prince yeah, find a different lender. One of the main points of the BRRRR method is refinancing quickly. You need to work with lenders that have no seasoning requirements at all.

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Originally posted by @Andrew Postell :

@Trey Prince yeah, find a different lender. One of the main points of the BRRRR method is refinancing quickly. You need to work with lenders that have no seasoning requirements at all.

Will do, Thank you @Andrew Postell