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User Stats

10
Posts
9
Votes
Andy Daniels
  • Investor
  • Portland, OR
9
Votes |
10
Posts

BRRRR Property All-Cash Purchase Question

Andy Daniels
  • Investor
  • Portland, OR
Posted

Hey all,

I've been trying to find a decent answer to this question, so I figured I'd post it here!

I am currently working on a live-in flip house, and I plan to sell after my 2 year primary residence mark (est. December 2023). In the meantime, I have access to private money via an investor where I am planning to purchase BRRRR properties and turn them into rentals once they are renovated.

My question is: Can I still execute a cash-out refinance on the property if I purchased & renovated using all cash? I know if you use conventional financing to purchase the property, you can cash-out refinance after 6 months seasoning, and pull out 75% LTV to recoup the money. But what about an all-cash deal? My goal is for the all-in cost to be no more than $75k on each property.

Thanks for helping out a real estate rookie!

Andy

Most Popular Reply

User Stats

6
Posts
12
Votes
Brent K.
  • Atlanta, GA
12
Votes |
6
Posts
Brent K.
  • Atlanta, GA
Replied

Andy,

A thread you may find useful about this topic is 

https://www.biggerpockets.com/... 

If you still have additional questions please post.

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