Interest Rates Question in Finance/Refinance - BRRRR Strategy

[Angel G.]

Happy Holidays everyone! I have a quick question in hopes that you all can clarify something for me regarding conventional loans / refinancing and interest rates in the BRRRR strategy.

I'm under contract for a MFH which I'll be using a 30-year fixed conventional loan with 25% down. While researching several lenders and comparing rates, I thought to myself "...if I'm refinancing this property upon completion of its seasoning period..should I be as aggressive on finding a low interest rate on the initial loan?"

My concern is that I'll find a great rate on the initial loan which will either be hard to match or beat with a refinance loan. Am I off on my thinking here? Also do you all finance / refinance with the same lender?

This is my first venture outside of using my VA loan (just closed on my second SFH using remainder of entitlement) so any insight is greatly appreciated!

[Russell Brazil]

Find a good lender, and use them over and over and over again. Good lenders will have good rates, but maybe not the absolute best rate every time.

When you chase rate, you chase problems. No headaches is worth an eighth of a point.