BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
Need clarification on refinancing a BRRR?
I am a new investor currently analyzing deals to find my first BRRR. I would be using cash/hard money for the first deal but concerned about refinancing the deal. My debt to income isn't great because of my current job (self employed) and qualifying for a conventional loan is a no go unless its very low. I am nervous that I won't be able to refinance because of my debt to income and don't understand how all of our BRRR investors do it? Do you just search for a lender that will take a higher debt to income or does your experienced portfolio help? I feel like BRRR would be very easy for me to do but this is the sticky point for me. Any advice is very much appreciated.