Cash-Out Refinance Seasoning for BRRRR Loans In this episode, we discuss the underwriting criteria for cash-out refinance seasoning for portfolio rental loans.
What does that mean? Watch the video to find out!
Suffice it to say that each portfolio lender has different underwriting criteria. Some allow for 90 days and will use new appraised value. Others allow for 6 months and they still want to document total costs via the original closing statement and invoices for all of the rehab. We have many ways to navigate the BRRRR process so it's beneficial to plan ahead so you can implement the correct strategy for your particular project.
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