I BRR'd my first house, but now I'm stuck..

[Randall Everett]

Hey Everyone,

I'm a new investor and I'm BRRRing my first house. I had been listening to BP for a while and I was able to borrow enough cash to purchase an auctioned house at the county steps and remodel it (What a stressful route). Now I'm almost done with the renovation and I'm a little lost on what to do and if I'm even capable of BRRR'ing. My problem - I have average credit and poor numbers on my past tax returns.. I don't even own my own house. Long story short, how is a bank even going to consider giving me a loan? Does the situation change if I already own the home?

So far, my only apparent option would be to flip the house. That could be an obvious solution but I'd much rather hold the property. 

Thanks for any advice on this!