Refinancing Discussion with Lenders

[Eric Davenport]

Hello BP Family!

I have been researching and getting really excited about the BRRRR strategy, it seems to be the best way to build a portfolio in a scalable and safe way (having done due diligence of course). Before I buy a property, I want to take actionable steps now to set myself up for success, including researching lenders and knowing who I will be working with and their refinancing terms.

When looking for new lenders, how do you approach them to find this information out? 

Do you tell them what you are planning and why you want to refinance? 

Or do you keep things simple and just ask about cash out refinance terms? 

Thank you all for any insight or information! Discussing terms with banks is something new and I would love to start the conversation out the right way.