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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Sarah Stamper
  • Rental Property Investor
  • Richmond, VA
50
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87
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Asset based lending?

Sarah Stamper
  • Rental Property Investor
  • Richmond, VA
Posted Mar 25 2020, 13:31

Has anyone had luck with doing a refi on BRRRR recently? Looking for asset based lending for refi on a rental house I just rehabbed and rented. I was supposed to close on a refi last week (had rates locked in) but today was told by the lender that their line of credit for refinancing has dried up. I need to refi ASAP to pay back my short term lender. Anyone know if banks that are still lending for a refi? Preferably for an asset based mortgage loan.

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