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Updated almost 6 years ago on . Most recent reply
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Best Financing Options for First BRRRR - (Links are cool)
Is there a list/link of financing options? I have a handful of options as ideas, but I would appreciate alternatives!
(Familiar with IRAs, 401Ks, friends/fam, hard$, traditional, VA)
- Current VA loan that I could refi into a conventional to free up my VA cert. 350 on 500.
- Married; earn solid W2; DTI in the teens; great credit.
- Aiming for SFH in Richmond, VA and I have a starter spreadsheet of insurance agents, realtors, home inspectors, mortgage brokers, and contractors that work in the area.
- Ingesting as many BP podcasts as I can!!!!
Most Popular Reply
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@Justin Dyer since the BRRRR strategy requires you buy a property at a discount, usually distressed, you need non conventional sources for the purchase. Like:
Cash
Heloc that you can use for cash purchase
Private Money from friends and/or family
Hard Money lenders
Get Brandon Turner's Book called "Investing with No/Low Money Down".
This will get your creative deal funding juices flowing.