BRRR - that third R.

[Michelle Verdugo]

I'm curious about the refinance part of a BRRR. What does a banker look at when you go to refinance? What if someone has a high credit score, no debt, lots of savings yet their W-2 income is pretty low? Asking for a friend.🤓

[Curt Davis]

I would suggest getting approved for the refinance first before you attempt this purchase method so that you don't have an issue with the financing, especially if you consider getting a hard money loan, the private lender will want to see your pre-approval letter so they know you will not get stuck. 

Good luck!