All Forum Posts by: Craig Gifford

Hello!

I am currently under contract for a new build, but do not anticipate to close on the home for around 8 months. I am interested in buying a rental property in the mean time, but am worried about my DTI looking bad / my credit taking a hit for my primary residency purchase. Is there a clever way to get this done or is it in my best interest to wait a year before looking into a rental property?

Thank you @Andrew Postell

Thank you @Eric James

I am currently piecing together my first BRRRR investment in Texas. In the interest of adding more properties quickly I am especially interested in the Renovation and Refi sections of the strategy.

I reached out to the loan officer that conducted my recent primary house purchase and they are saying that cash out refinance on an investment property is not allowed in Texas.

If this is true, how do people get equity out of the investment to roll into the next property?

Thank you in advance!