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Updated about 4 years ago on . Most recent reply

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Jason Revere
  • Rental Property Investor
  • Shreveport, LA
2
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12
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Brrrr lenders and getting started

Jason Revere
  • Rental Property Investor
  • Shreveport, LA
Posted

Hello everyone, new to all of this but believe I'm ready to take the plunge. What are the most brrrr friendly refinance banks in our area? Wanting to get preapproved. Tia

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Lawrence Potts
  • Real Estate Agent
414
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459
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Lawrence Potts
  • Real Estate Agent
Replied

Hey Jason!
Congratulations on starting this new journey! My suggestion is to talk with a local bank or credit union loan officer and tell them what your strategy is and where specifically you plan on investing. It's almost as if you're giving them a business plan. Ask them what LTV's they offer, how quickly you'll be able to refinance, what down payment and closing requirements they have, etc. But also talk to other investors in your local REI meetups and ask! I had a few rentals in the area, PM me.

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