BRRRR strategy and credit score

[Franky Maslim]

Hi All,

I'm a new member of the BiggerPockets community and I hope I can learn from the veterans of this community :). I've been doing some research on real estate investing, and I'd like to know more about this BRRRR strategy and how it affects one's credit score.

For someone who's just starting out getting their first property, how does refinancing property after property affect their credit score? Mine was around 800, and after a refi on my house, a few refi quotes before that, it is now down to 780-790ish.

Say I was able to do the BRRRR strategy, wouldn't refinancing property after property (say up to 10, or even 5) bring the score down significantly?

Thanks in advance for your reply.

[Samantha Klein]

It will most likely bring your score down some at first but paying on loans helps your score alot. You'll take a hit at the beginning when lenders are running your credit but it should be minimal.