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Updated almost 8 years ago on . Most recent reply

User Stats

43
Posts
15
Votes
Adeel Makda
  • Investor
  • Skokie, IL
15
Votes |
43
Posts

BRRR Strategy - Question

Adeel Makda
  • Investor
  • Skokie, IL
Posted

I want to implement the BRRR strategy, but before doing so I had a question because this would be my first time possibly doing it.

If I would pay for a property and rehab in cash, how long does it typically take to pull out Equity from the property? From my understanding it can take up to 6 months. Is there anyway to pull it out sooner? Are there any lenders that will allow you to pull out the equity quicker this way I can work on the next project? 

Thanks!

Adeel Makda

Most Popular Reply

User Stats

2,377
Posts
747
Votes
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
747
Votes |
2,377
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

If you are spending cash you can cash out under delayed financing exception any time otherwise you have to wait 6 month. 

  • Harjeet Bhatti
  • Loading replies...