The cap rate was %15 with a potential %18-%23 ROI after refinancing.

I am planning on refinancing in 6 months to a year...

A lot of people are refinancing right now.

You will have to qualify for mortgage though, refinancing does not mean you can skip qualifying for conventional loan.  

It's always ideal to buy with cash, but be open to refinancing afterwards. 

BRRRRing never hurt my credit bad enough to become a problem but how I managed it was refinancing quickly after purchasing, usually 30-60 days.

Hi all,Thanks for taking a minute to read my post. I'm trying to figure out the best way of how I can use my VA loan to purchase my next property. Here is my current situation:I own and live in a SFH purchased with VA...

You mentioned cashing out and refinancing once the properties are rented out.

. - The current mortgage balance is ~235,000 - Im not 100% on how much is exactly needed to clear the default but I believe it is in the 10,000 range- Around 15,000 is what it would take to get the property rent/ inspection ready- The monthly mortgage payment is ~1,500 obviously after repair and refinancing at the ARV- Fair market rent is 2,205- ARV conservatively is 295,000My plan was to structure some sort of payment plan that rewards both parties.

I'm looking to buy my first property and house hack and ideally remodel a portion of the house to add value and pull the money I used to remodel back out after refinancing.