Bank Refinancing After I've Rehabbed and Rented With Hard Money

[Aram Taghavi]

Is there ever a chance a bank won't refinance my property after I've rehabbed and rented it? I've BRRR'd successfully once before and am doing two deals now using hard money. Just want to make sure at the end of it there's no way I'm stuck with the loan and high interest rate. Obvi my next call is to my banker but first thought to share here. Thanks for your time. Aram

[Cassie Montalvo]

Yeah, there's always a chance ... your property could not appraise, your credit identity could be stolen and this may take time to repair, the market could shift and banks could tighten their lending standards on investment properties ... the possibilities are endless.

Moral of this story - you have to weigh 'chance' and 'probability' differently