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Updated about 5 years ago,

User Stats

74
Posts
22
Votes
Ruth P.
  • Maine
22
Votes |
74
Posts

Can you get a refinance loan BEFORE you buy and rehab?

Ruth P.
  • Maine
Posted

Hello BP: With the BRRRR method, you refinance at the end before repeating. What if you approached a bank for a refi loan asking them to agree to refinance for a house that you are interested in buying, but you want them to agree to refinance IN THE FUTURE, after it has been purchased with cash, rehabbed and rented. Is that even possible, and if so, is it done often? Any help to clarify my mind on this is much appreciated!

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