Hello friends,I am a new BRRRR real estate investor working and living in Germany.Just incorporated LLC in US and willing to buy my first rental property soon, The question here is the "Refinancing" part, As far as I learned that I cannot refinance unless I have a credit score, right?

I have quite a bit of equity in these properties so a refinance at balloon due will have some advantages but with the increased recent rates I will likely take a decently large hit on cash flow. *** What loan structure and fees do you all commonly lock down and what would you recommend in my situation?

If you think rates might drop a lot in the next couple years you might have an opportunity to refinance into a lower rate before this move would pay off on this first loan. 

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

I guess the bigger question is, does the income on Property 2 look enticing enough to keep barely breaking even in hopes of the day we can refinance it favorably?

Pay cash and then after 6-9 months do cash out refinance. - in this case, I will have more time to shop around for better loan terms/rates etc. 

Cash out refinance: Hoping to get 70% LTV from current strip mall commercial property. 1 unit owner occupied. 30 year term.

Why do you need to refinance the second property?

My buyer's plan is to live in it and use the equity a few years down the road, whether is HELOC or a cash-out refinance, to fund other deals.

I used it to purchase an off market deal and am about to refinance to pay it off and pull out equity (550K total).