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Updated over 4 years ago,

User Stats

18
Posts
5
Votes
Dustin Crawford
  • New to Real Estate
  • Palestine, TX
5
Votes |
18
Posts

First time BRRRR financing options?

Dustin Crawford
  • New to Real Estate
  • Palestine, TX
Posted

Hello all,

I am preparing to buy my first property, and am convinced that I would like to begin with a sfh using the BRRRR strategy. I originally was planning on buying the property using bank financing, and offering 20% down. The more Iearn about BRRRR, the more I realize that it is best to buy the property up front with cash. What options have you used to buy the properties up front with cash? I have an IRA that I could use to purchase a home, but would have to pay the penalties associated with it. I could form a self-directed IRA, but then I couldn't touch the funds for personal use.

What did you do to get your first BRRRR property? Thanks in advance!

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