BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 3 months ago on . Most recent reply
Refi LENDERS in BRRRR
Hey guys I am a Landlord out of Metro Detroit area. I am wondering who has done the BRRRR method as an investor and what institutions are investor friends for multiple BRRRS. Should I check into local smaller banks here or Credit Unions?
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Quote from @Philip Jones:
Hey guys I am a Landlord out of Metro Detroit area. I am wondering who has done the BRRRR method as an investor and what institutions are investor friends for multiple BRRRS. Should I check into local smaller banks here or Credit Unions?
I would suggest going local first, if you can't locate a local lender that meets your needs, try the DSCR route. Most DSCR lenders will want to see a minimum property value of $75k and minimum loan amount of $55k
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