All Forum Posts by: Scott Sambrook
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Post: Cash out refi limitations
Scott SambrookPosted
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I'm told I cannot cash out refi for new value of property until a year has passed. Purchased 3 units for 90 cash, rehabbed and rented, bank says can't use new value for a year. That will take way too long to replicate this (BRRRR) strategy at a rapid rate. Is this a Fannie stipulation? Any way around it?