Refinancing to Cash Out Hard Money Loans

[Anthony Ogletree]

Hi all.

I need some advice on refinancing a rental property.

I'm going to be purchasing some buy'n'hold properties very soon. Due to my limited capital I'll need to use hard money to purchase and fix said properties for rent. What I'm trying to do now is secure financial backing in the form of refi options for when the properties are rent-ready. I plan to visit as many local community banks and credit unions as I can to have it locked up BEFORE I start looking for deals. Is this a good strategy? If not, what would be a good strategy?