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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Clint G.'s profile image
Clint G.'s profile image
Clint G.
  • Rental Property Investor
  • from Corpus Christi, TX
  • Member since Jan 1, 2019

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306
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Clint G.'s profile image
Clint G.'s profile image
Clint G.
  • Rental Property Investor
  • from Corpus Christi, TX
  • Member since Jan 1, 2019
Clint G.
  • Rental Property Investor
  • Corpus Christi, TX
176
Votes |
306
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Cash out refi on "subject to" purchase

Clint G.
  • Rental Property Investor
  • Corpus Christi, TX
Posted

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!

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David M.'s profile image
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David M.
  • from Morris County, NJ
  • Member since Jan 26, 2020

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David M.'s profile image
David M.'s profile image
David M.
  • from Morris County, NJ
  • Member since Jan 26, 2020
David M.
  • Morris County, NJ
2,579
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David M.
  • Morris County, NJ
Replied

@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.

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