BRRR Method and Refinancing

[Branden Smith]

I am interested in using the BRRR method in the future and had some questions on the refinance part. I am currently in escrow for a single family home that will be financed through a VA loan and want to buy another property in one year. I like the idea of the BRRR method but was wondering how hard the refinancing part would be for someone in my situation. I understand that all banks will have different requirements but since I am Active Duty and do not make a ton of money and I will have one mortgage already (If everything works out) will that be a red flag for the banks? If I can find a great deal do income and debt matter as much when I go to refinance?

[Branden Smith]

@Charlie FitzgeraldI am buying a SFH with my VA that I plan on living in for a couple of the years, renting it out, and then trying to buy another in a year.

@Jerry Padilla My original plan was too buy a 2-4 unit with my VA loan. Since I do not have 2 years of experience I could not find a place that would take the rental income into consideration.

Thanks for the responses!