Impact of Credit Score on Refinancing with BRRRR

[Zack Thiesen]

I have a property in California I've owned for 3 years currently in the sale process and looking to net around 120k after closing costs. I am younger and a carpenter by trade looking to get into BRRRR'ing out of state. I anticipate hitting issues with the refinancing aspect as my credit leaves something to be desired. I guess a better question might be (without getting too personal about my credit score), what is a minimum or appropriate score to have for refinance in order to not get laughed out of the office of your local community bank lol

If I purchase a property completely for say $60k, then another for $20k and put the rest of the money into it in rehab, could I refinance with the property I own outright as collateral? What are better strategies to begin? Buy a collateral property, then buy a fixer that is owner financed with $2k down and go from there?

Thanks