Refi LENDERS in BRRRR

[Philip Jones]

Hey guys I am a Landlord out of Metro Detroit area. I am wondering who has done the BRRRR method as an investor and what institutions are investor friends for multiple BRRRS. Should I check into local smaller banks here or Credit Unions?

[Erik Estrada]

Quote from @Philip Jones:

Hey guys I am a Landlord out of Metro Detroit area. I am wondering who has done the BRRRR method as an investor and what institutions are investor friends for multiple BRRRS. Should I check into local smaller banks here or Credit Unions?

I would suggest going local first, if you can't locate a local lender that meets your needs, try the DSCR route. Most DSCR lenders will want to see a minimum property value of $75k and minimum loan amount of $55k