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Updated almost 6 years ago on . Most recent reply

User Stats

29
Posts
7
Votes
Justin Dyer
  • Chantilly, VA
7
Votes |
29
Posts

Best Financing Options for First BRRRR - (Links are cool)

Justin Dyer
  • Chantilly, VA
Posted

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

User Stats

1,827
Posts
1,239
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Brian G.
  • Rental Property Investor
  • Los Angeles, CA
1,239
Votes |
1,827
Posts
Brian G.
  • Rental Property Investor
  • Los Angeles, CA
Replied

@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.  

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