BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago,
How Does The Loan Pay Itself off?
Hi Yes when doing the BRRRR strategy how does it pay itself off? Ok lets say i own 1 Property Free and clear and get a mortgage on that home to buy another home and go into debt how does that debt pay itself off? because im sure i cannot do another cash out refinance on the second property with the loan from the first property because i still have debt from the first property and my debt to income ratio will be to high and lenders will not do another cash out refinance? So how do you go about doing a cash out refinance on multiple properties and not worry about debt to income ratio having alot of debt and still being able to get a loan to buy more properties?