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Updated almost 3 years ago,
BRRRR Investing Question regarding Refinancing
Hi BP fam! Question on the refinancing part of BRRRR investing.
When I had originally started searching for investment properties I was pre-approved with a Lender and found out that even with my great Credit Score and W2 Income, due to my Debt to Income I had a purchase power of about $220,000, which is fine. However, i have also become more interested in the BRRRR investing model and am wondering if this will cause a problem when it comes to scaling.
For example, by the time I get to a second BRRRR (midwest market) would I have a hard time finding a lender who would refinance my property due to my Debt to income ratio?
Hoping this question makes sense, would like to see if other people came across similar questions or concerns or even ran into this exact problem and what they did to resolve.
Thanks!