Updated over 4 years ago on . Most recent reply
Lending/First Property Loan
I am in the process of trying to get pre-approval to purchase a rental property. I do not currently own my own home so this is the first time I am going through the process. My question is should I try to get approved for an investment loan or conventional? I am planning on BRRRRing the property and doing a cash out refi within 6 months (hopefully).
I want to make sure that I am not doing something that will prevent me from renting the property and refinancing later. Any advice would be greatly appreciated.