Why BRRRR is not working for me?

[Andrew Teng]

Hi guys,

Please let me know on why I am unable to utilize BRRRR strategy in my situation.

I bought "property A" back in 2013, lived there for 2 years, and last year I bought "property B" and currently living in B. I rented out property A, and hoping to build up my financial profolio using BRRRR. Thus, I started reaching out to banks/lenders for refi on A. They all claimed that my loan ratio is too high, and I need to pay off my loan on property A before I can purchase another properties.

To my understanding, BRRRR is Buy, Rehab, Rent, Refi, Repeat. I've done Buy, Rehab, Rent (in a bigger time span), but why can't I refi?