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Updated about 6 years ago,
BRRR Strategy Question - Pulling Credit
Hello everyone! New investor here and interested in putting the BRRR strategy to work. I have some potential private money access and would love to dive into my first property using private money, the refinancing to pay that loan back. Obviously, the idea would be to save enough capital to do a cash deal myself so that I can fully re-invest without having to pay a lender back.
My question: How does doing all of that refinancing effect your credit? Does anyone find it difficult to do multiple deals a year since a bank would likely pull hard credit each time you want to cash-out refinance? I may be missing something here, or overthinking but any advice on that topic would be greatly appreciated!