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Updated over 7 years ago,

Wen Guo's profile image
Wen Guo's profile image
Wen Guo
  • from Millbrae, California
  • Member since Jul 14, 2016
Connect

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18
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5
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Wen Guo's profile image
Wen Guo's profile image
Wen Guo
  • from Millbrae, California
  • Member since Jul 14, 2016
Connect
Wen Guo
  • Millbrae, CA
5
Votes |
18
Posts
Starting Out

Why short term loan in the purchase?

Wen Guo
  • Millbrae, CA
Posted

Hi fellow members, I read the BRRRR strategy that when you buy, you should always borrow short term loan with hard money, and then refinance it with longer term loan. But why can't you start with 30 year loan and then refinance with another 30 year loan after fixing it?

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