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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,

User Stats

88
Posts
24
Votes
Kelly Beasley
  • New to Real Estate
  • Vail, Az
24
Votes |
88
Posts

BRRRR Method Refinancing- Pre-Qualification?

Kelly Beasley
  • New to Real Estate
  • Vail, Az
Posted

Hey all!

So with the refinance part after the rehab, here's my question:

Do you go to the bank beforehand to somehow pre-qualify? My brain is concerned I might buy a property, do the work, then go to lenderss and get rejected for a refinance for 'X' reason. 

Are there reasons they could reject and do you go to talk to a lender beforehand to somehow pre-qualify? I would want to make sure I didn't get stuck not able to pull my investment back out of the property. 

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