BRRRR and credit scores?
Just a quick question, obviously a part of the BRRRR is "refinance," so if an investor uses this strategy often does the constant refinancing hurt your credit score? I mean sure paying the refi loan off on the sale would look good I understand. However if you repeatedly refi loans does it hurt your score in some way or another?
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I can't give a direct answer to that question, but I'll be happy to see the other responses. But, if you're using the BRRRR strategy as it's intended and steadily growing your portfolio, it won't take much time at all before you reach the point where traditional financing is no longer an option anyway. At that point, your credit score won't be as large of a determining factor either. The lenders that you'll be using at that point will be more focused on your reputation and track record.