Does BRRRR Strategy deteriorate your credit score?

[Michinori Kaneko]

Hi,

I'm just getting started in real estate investing, but I have a question. I have a very good credit score (was 800+ when I checked last time). I'm thinking about doing BRRRR strategy. However, with this strategy, you require your credit to be pulled multiple times to refinance the loan (and for me, I finance my first purchase as well). Wouldn't your credit score deteriorate a lot from getting lots of hard inquiries on your credit, which then will increase your interest rates? How does everyone deal with this situation? Thank you for your help!

[Lee Ripma]

@Michinori Kaneko Hard inquiries don’t affect your score that much. You won’t go below 740 which is the prime rate. I wouldn’t worry much about this.