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Updated over 5 years ago, 06/28/2019

User Stats

5
Posts
1
Votes
Holly Groseth
  • Rental Property Investor
  • Jacksonville, FL
1
Votes |
5
Posts

How to BRRRR without hurting Credit?

Holly Groseth
  • Rental Property Investor
  • Jacksonville, FL
Posted

My husband and I noticed our credit scores dropped significantly because we have "too many new accounts open" (i.e. too many recent mortgages) and "too many inquiries" within the last 6 months. But every time you BRRRR a property the preferred exit strategy is to cash out refinance it. So my question is how can you refi over and over without hurting your credit? And how will lenders be able to lend to us now that our credit scores have dropped? I know there are a ton of buy and hold investors out there...how are you all doing this part?

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