How far can you go with the Brrrr method befor the bank says no.

Question

Does income from a job come into play? Or long term rental income?

I am currently trying to do this for the first time, I still have a job but want to know after I refinance why you a bank give me another loan to do this again? Especially if my income from a job would only support the current rental mortgage payment.

Derek Carroll · Answer

@William Decker

After 1-2 years of experience and showing the income on your tax returns They will use the income from the rent to calculate your DTI

Kristin Feerst · Answer

For first one I'd ensure your DTI will allow for a refi on the second home. I find that the specialty products and local lenders deal only with experienced investors in many cases.

Brian Garrett · Answer

You can have up to 10 conventional Fannie/Freddie loans.

After that you move to commercial/portfolio loans and private money which are limitless.

Jacob Sampson · Answer

A major factor is if you are using a national bank or a local. A national bank will have policies that will limit the number of properties they will loan on. If you establish a good relationship with a local bank your history of success will be a big factor. I have ~25 loans with my local bank and they haven't said no yet.

How far can you go with the Brrrr method befor the bank says no.

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