Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 3 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Rodrigo Mora Sandoval
  • New to Real Estate
  • Oakland, CA
0
Votes |
3
Posts

Newbie Real Estate Question - Can I use BRRRR strategy now?

Rodrigo Mora Sandoval
  • New to Real Estate
  • Oakland, CA
Posted

Hey everyone! This question might be very much directed to lenders, but I am also open to anyone's response. 

I currently reside in the bay area, have a 9-5 gig and a 1099 role both with over 1 year of experience. 

Now this is where I am concerned, in terms of financing: Would I be eligible to take out a hard money loan now along with a refinance down the road, even if I don't have 2 years of taxes with me from the same roles? Basically, bottom line: Am I able to purchase my first property now using hard money and then refinance, or would I have to wait until I have 2 years of taxes for both of my roles in order to accomplish all of this? Maybe it depends with the lender I am working with?

Loading replies...