Do I Need to Arrange Refinance Lender Before Starting BRRRR?
All,
I am looking to close on a small multifamily with a capital partner. We will be doing a BRRRR and hopefully be pulling our equity out at the end. This will be my first rehab but I am confident with my team.
I've heard of new BRRRR investors having trouble getting refinanced on their first project. Do you recommend networking with local lenders before starting the project? I am doing all my due diligence to make sure we can get through this smoothly.
Any tips are welcomed and appreciated.