BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago, 02/26/2020
BRRRR strategy - Does credit score matter?
I recently graduated from college and have become interested in applying the BRRRR strategy in the area around Louisville, Kentucky. I'm in the process of reading the BP books and still have a lot of reading/learning to do. With that being said, I have some questions about financing using this strategy. Are banks likely to finance homes with the intention of it being BRRRR'ed. Should I try and find partners to go in with me instead? Is establishing credit give me a better opportunity to gain credibility with banks when it comes to financing my REI's. What is the easiest way/useful tips, you guys have found to be useful when it comes to financing home using the BRRRR strategy.
To those who use the BRRRR strategy, what suggestions do you guys have for a newbie like myself. Any advice will help! I'm a sponge just waiting to absorb as much as information as I can.