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Updated almost 9 years ago,
Using the BRRR method, what if I can't refinance
My business partner and I are looking to use the BRRR method for our first investment property. Our strategy is to use a hard money loan to purchase a property and then refinace. I'm worried that if we do use a hard money loan and after a year we go to refinance for a 30yr fix and we will get denied. What kind of exit plan can we utilize to get out of the hard money loan without losing the property?