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Updated about 7 years ago,
How to find the best refinace deal?
New Investor here...
I have been researching and educating myself a lot recently on the popular BRRR strategy which I plan on using for my second investment property. However, before I dive in I've been trying to line up all my resources before I purchase a single family house. I've got a realtor in place, contractor, and a private lender all lined up and interested in working together.
I now need to find a bank that will refinance the home after the 6-12 month seasoning period. Any hints or strategies on the best way to find the right deal? What types of questions should I be asking? Basically I want to avoid being stuck with a home 12 months down the road and want to have a couple solid leads on the refinance portion of the strategy before I buy.
I know that networking and calling around is going to be necessary but once I have them on the phone or in a meeting what should I be asking? Thanks for all the help.