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Updated over 6 years ago,
Finding the Right Lender
Hello,
Myself and fellow business partners are pursuing our first rental property. We plan on using the BRRRR strategy to grow our portfolio, which will consist of single family homes in southeast Michigan (tri-county area). Currently, we are talking to different lenders in the area. Looking for lenders in the area that have experience in working with real estate investors (using the BRRRR strategy). Any recommendations? Also, I have read a little bit about the concept of a "Delayed Finance Program". Does this simply mean including rehab costs in the initial loan? I didn't think banks did this. Thank you in advance.
Brian