Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Bryan Stovall
  • Wholesaler
  • Westminster, CO
1
Votes |
12
Posts

BRRRR as a Contractor (1099) employee

Bryan Stovall
  • Wholesaler
  • Westminster, CO
Posted

I want to ask people here who may have had the same questions that I do. I am a real estate agent, who has broken off from the wholesale brokerage I was employed by to invest in properties myself. The BRRRR strategy seems very logical to me, but I want to know how those who work as contractors can qualify for a refinance.

I have no problem purchasing a property cash, renovating and getting a tenant in. Just want to know what kind of lenders I should be targeting while acquiring, to have my ducks in a row to be able to have a smooth refinance process, and not get bottle-necked. Obviously the deals are the most important, but has been something I have been trying to figure out, so any light that can be shed would be greatly appreciated!

Thanks in advance,

Bryan Stovall 

Loading replies...