BRRRR strategy Refinancing Question..

[Dennis J Marsack]

Hello everybody!

My Fiance and I were recently discussing possibly taking out a large personal loan to be able to purchase an investment property cash to try out the "BRRRR" strategy. We are just starting out so we don't have much capital and personal loans seem to be readily available and an easy way purchase with cash. I'm very aware that if I do this my credit score will tank due to the lopsided debt to income ratio. So my question is.. will that affect the odds of a successful cash out refi? I've heard from a few other people who used this strategy and it worked but I'm still a bit apprehensive..

Any thoughts will be greatly appreciated! Thank you

Dennis