BRRRR - Commercial Loan Vs Traditional

[Tom Doherty]

Hey BP I've been reviewing the BRRRR stratgey and the big question (I'm sure asked a lot) is the refinance part of the stratgey. I've been hearing people say they refinance with a commercial loan because a commercial loan determines their approval based on the property and not the borrower where as the traditional convetional loan will look at both? Commercial loan sounds great but what is the catch? From my understanding the rate is fixed for 5 yrs (depnding on loan) and then you have to refinance again? What are the pros and cons? Is commercial the only way? The reason I ask is because I made the jump into real estate as a realtor and soon to become an investing. I'm worried that I am not able to receive an approval for a traditional/convetional loan due to my lack/history of income. Thank you for all of the help.