What Are the Seasoning Requirements for a Cash Out Refinance? [New Appraised Value for BRRRR Loans]

1 year ago
12

What Are the Seasoning Requirements for a Cash Out Refinance? [New Appraised Value for BRRRR Loans]

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Hi Beau, I am having a hard time trying to BRRRR my deals. Most lenders that I am talking with need at least 4-6 months to use new appraised value for cash-out refinances. I am a contractor and can do a cosmetic remodel in 2 weeks. Are there any lenders that will refinance (using new value) after just 30-60 days? Help!

Thanks in advance!
Erik

Timestamps
[00:29] There are lenders who have no seasoning requirements if you do bridge loan or fix and flip loan
[00:52] Making sure that the fix and flip money is competitive
[01:01] Only one-month mark to use new appraised value for cash-out refinances
[01:43] Fix and flip to DSCR with no seasoning requirements
[01:50] Book a call at https://investorfinancingpodcast.com/rumble

💥 Thanks for watching 💥
#brrrr #brrrrmethod #cashoutrefinance

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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