BRRR..... Need help with the "Refinance"

[Brian Breiding]

We need help with the BRRR method. Our portfolio currently consists of 10 properties (5 single family homes, 5 duplexes). We have financed these through various methods including traditional, home equity from our primary home, private money, and seller financed. Moving forward we want to work towards a cash out refinance. However, we were met with a hard no from the local bank without an explanation behind it. Everyone talks about doing BRRR, however no one gives the details of the refinance part. How do you go about this? What types of lenders are BRRR friendly? Where do I start????

[Jason D.]

@Brian Breiding seems odd for a bank to flat out refuse to refinance a property. I would simply call other banks. I've refinanced through a national commercial lender, but my credit union will also do it. If this is a bank that have accounts with, I would move that money to a different bank that will work with you toward your goals.