Purchase contingent upon refinance of BRRR?

[Rich Bultema]

I have just begun the cash out refinance process on a rental of mine and already have a couple properties I want to look at.

Short version is can I make the offer contingent upon the success of the refinance on a property I already own? how would that be worded? properties are in Indiana, Indiana state purchase agreement.

Longer version is it sounds like any larger purchases made during the refinance before the actual closing could put the brakes on the refinance. This makes me think that even if I were to use my private lender for the funds, the whole refinance could fall through as a result.

Ultimately, I would just need something to push the date back to after closing of the refinance which I have been told are talking longer than usual because of the volume of requests. Really, even if the refinance falls through for some other reason, I could still purchase with the original HELOC but I dont want the purchase of another property to be the REASON it falls through.

Of course, the properties could be not worth buying at all :)