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Updated over 3 years ago on . Most recent reply

User Stats

8
Posts
0
Votes
Revis Boyd Isbell III
  • Rental Property Investor
  • Gadsden, AL
0
Votes |
8
Posts

Lending/First Property Loan

Revis Boyd Isbell III
  • Rental Property Investor
  • Gadsden, AL
Posted

I am in the process of trying to get pre-approval to purchase a rental property. I do not currently own my own home so this is the first time I am going through the process. My question is should I try to get approved for an investment loan or conventional? I am planning on BRRRRing the property and doing a cash out refi within 6 months (hopefully).

I want to make sure that I am not doing something that will prevent me from renting the property and refinancing later. Any advice would be greatly appreciated.

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