All Forum Posts by: Corbett Brasington
Corbett Brasington has started 35 posts and replied 61 times.
Post: BRRRR - Hold requirement before cash out refinance?
Corbett BrasingtonPosted
- Rental Property Investor
- San Antonio, TX
- Posts 67
- Votes 28
Is there a time requirement of how long I have to own a property before I can do a cash out refi?
Assumption is I am doing a BRRR.
Example:
Month 1: Buy property and rehab it (est 30 days)
Month 2: get it appraised after rehab. Can I get the cash out refinance at this point assuming the appraised value is actually higher? This the property would be owned by me for only 2 months here.
And finally if there is this type of time requirement is it lender or product specific?