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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply

User Stats

5
Posts
4
Votes
Kiet Tran
  • Rental Property Investor
  • Salt Lake City, UT
4
Votes |
5
Posts

I need to refinance two homes before getting prequalified..

Kiet Tran
  • Rental Property Investor
  • Salt Lake City, UT
Posted

I need to refinance my two homes one by one before I can get prequalified for a purchase. I'm renting one and I want to rent the one that I'm in right now and find another to BRRR. Is it better to do it one by one (rental, residential, or equal) so that I have a better d/e ratio or can i do it all at once through different lenders?

  • Kiet Tran
  • Most Popular Reply

    User Stats

    5
    Posts
    4
    Votes
    Kiet Tran
    • Rental Property Investor
    • Salt Lake City, UT
    4
    Votes |
    5
    Posts
    Kiet Tran
    • Rental Property Investor
    • Salt Lake City, UT
    Replied

    @Whitney Hutten the lender is just taking so long to finish refi on my primary residence. The loan officer is also saying it’s better to do it one refi at a time then the prequal. I’m just wondering if they’re way backed up and making excuses? It’s been almost 2.5 months now with all of the lenders contingencies made.. so we’re in the last stages of closing but now I’m questioning even using the same lender since everything’s taken so long.

  • Kiet Tran
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