BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
BRRRR Method Refinancing- Pre-Qualification?
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.