Updated over 8 years ago on . Most recent reply
BRRRR Finance Question
My question is a simple one, however, I am getting a different answer from different mortgage brokers in my area.
When using the BRRRR strategy, when you rent the property and refinance the property, will you be able to use that rental income as income with conventional style lending to get approve an another loan for the next property? Or will I have to wait for two years of rental history to use the income? Will having a two-year lease make any difference over having a one year lease with my tenants?