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Illinois Real Estate Q&A Discussion Forum
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Updated about 7 years ago on . Most recent reply

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39
Posts
9
Votes
Libby Baugher
  • East Peoria, IL
9
Votes |
39
Posts

BRRRR strategy question

Libby Baugher
  • East Peoria, IL
Posted

Hi all, I have been reading up on the BRRRR strategy and have a question about. One of the R's is refinance....how many times will banks let you refinance? Is there a limit on how many times you can refinance like there is for conventional mortgages? Say you already have a few houses that have been refinanced, will banks continue to refinance more houses for you?

Thanks in advance for any input you give!

Most Popular Reply

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3,023
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3,139
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Corby Goade
  • Investor
  • Boise, ID
3,139
Votes |
3,023
Posts
Corby Goade
  • Investor
  • Boise, ID
Replied

Absolutely. Keep shopping around until you find a bank that will work with you. If you know what you are doing and can show that on paper, you'll find money. The things that might stop you from getting to 10 conventional loans are DTI, credit score and reserves, so keep a close eye on those metrics as you grow.

  • Corby Goade

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