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

User Stats

6
Posts
1
Votes
David Ferrante
  • Evanston IL + Huntley, IL
1
Votes |
6
Posts

College Student trying to BRRRR

David Ferrante
  • Evanston IL + Huntley, IL
Posted

Hey everyone. I am pretty new to the BiggerPockets community. I am a first year student athlete for Northwestern University and I want to get my first BRRRR deal this year (I am currently 19). I will use a private funder to fund the deal. However, the thing I am concerned about is if I will be able to get approved for the refinance loan from the bank after the post rehab appraisal comes in because I am 19 and technically don't have a full time job or income right now. The university pays me some money to live in my apartment 3 times a year and I may have some type of job in the summers. I definitely can talk to someone from a Wells Fargo and pose the question. My credit score is about 750 though. I was curious what you all were thinking about getting approved for the refinance.

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