Buying with DSCR then refinancing with DSCR

[Nathan Harden]

Hey BP community!

I am running low on personal capital so buying a property outright is difficult at the moment (until I refinance/sell my BRRRR projects going on right now). I was wondering if anyone has any experience of buying a move in ready investment property using a DSCR lender then Refinancing after the seasoning period with a DSCR lender? I would do some small or light cosmetic fixes during the seasoning period to increase the value of the property, just don't know if small cosmetic changes are going to make a huge difference in ARV.

I am trying to get more doors and don't want to sit on the sideline while my current projects have most of my personal capital and private money tied into them. For example, if I found a smoking deal, turnkey $100k property, the lender wanted some skin in the game from me and require $25k down from me, I want to be able to get that $25k back as soon as possible. The initial buy is what is holding me up at the moment, should I look into bridge loans? After points, costs, etc. Is there point in buying an investment property using a DSCR loan if I plan on refinancing it with DSCR in 6 months? Biggest thing is just getting whatever money (or close to it) I put in, back out as soon as possible.

Which brings me to another question for the more experienced investors out there. For turnkey properties, Is using private/hard money to buy properties outright then refinance out of them in 6 months to a DSCR the best option?