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Updated over 5 years ago on .

Klaycon Santos's profile image
Klaycon Santos's profile image
Klaycon Santos
  • Rental Property Investor
  • from Taunton, MA
  • Member since Jul 31, 2019
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User Stats

33
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4
Votes
Klaycon Santos's profile image
Klaycon Santos's profile image
Klaycon Santos
  • Rental Property Investor
  • from Taunton, MA
  • Member since Jul 31, 2019
Connect
Klaycon Santos
  • Rental Property Investor
  • Taunton, MA
4
Votes |
33
Posts
Starting Out

So how does this Brrrr thing work?

Klaycon Santos
  • Rental Property Investor
  • Taunton, MA
Posted

I have a property i wanna purchase for $300000 (multi family) and it needs work. Watching videos about brrrr it gave me Hope's to tackle this. I have 50000 towards down payments but 0 towards rehab. How do you guys approach this? Would hard lender be an option? Bank is willing to fiance but I'm not waiting 2 years to refi. Should the property be vacated? Should I have a tenant stay so he can help keep paying rent for morgage? My strategy was to offer 10-20% below asking price and if accepted, I would move in a fix out what I can solo. Any advice good or bad I'll accept. Thank you.

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