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All Forum Posts by: Julie Stevens

Julie Stevens has started 1 posts and replied 2 times.

Quote from @Devin Peterson:
Quote from @Sean Spagnola:

Any cash out refinancing options that would not requiring seasoning?

From my own research this is unlikely. At best I've seen 6 month seasoning periods. 

I am targeting properties that have been on the MLS for longer than the average. Hopefully purchase for a discounted price. I'd mortgage them. Do a light rehab to increase ARV. Refinance and pull my down payment back out to start the next. Pretty much a classic BRRR.

I'm hoping not to have my down payments tied up for a 6 months to a year before I can repeat the process.

Any help and advice is truly appreciated.

 Sean, no seasoning cash outs definitely exist. You just gotta find the right lenders happy to chat if you have any questions.


 Devin, what is no season cash out?

Hello everyone, I am new to BiggerPockets and I am looking for advice to purchasing long term rentals north of Greensboro in the Madison/Mayodan area. I currently own one rental in the area that was my family home. I am now interested in using the cash out method to purchase another. Any advice on what to look for and price range to maximize return would be helpful.