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Updated about 4 years ago,
How to become a full time BRRR investor
I am a contractor that has been doing full home remodels for the past 10 years. I want to buy distressed properties and personally remodel them, rent them and put together a portfolio of rental properties I have remodeled.
I have seen a couple properties that would work but I am trying to figure out how to fund the first project. The properties I am looking at will take 3-5 months for the full remodel. I have more skill and sweet to put in then money so I am looking for advise on how to cover the cost of the purchase and materials (I’ll provide the labor) on the house without a huge payment each month during the remodel as I won’t be making any money because I will be investing all my time in the remodel.
Any suggestions would be helpful. Thank!