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Updated over 1 year ago,
I have a question about BRRRR
Hi BP,
In the last few months I have made some huge strides into my business and can't wait to get my first deal. I've finally came up with a strategy which is BRRRR, I've obtained the following tools for success: Brand Name & Lots Of Marketing. I am extremally motivated in my pursuit to financial freedom and love looking, listen to every podcast, you tube or book I can find, because this keeps me rooted.
I have a question about BRRRR, If I am using hard money to purchase a distress property, then do rehab, put a tenant in the property, then do a cash out refinance, will the bank look at my debt to ratio income being that this is an investment property? Because I plan to purchase more than one property this year and if this is the case, I would be limited to purchasing power however, If that is the case, I would switch to Wholesaling to increase my capitol to have more purchasing power.