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Updated about 4 years ago,
BRRRR question/Dilema any help would be appreciated
Hi BP community,
I’m a business owner who does remodeling for a little over two years
I was a multi family manager for 19 years. (So tons of experience managing tenants)
Here is where I Need some help I'm looking to start my BRRRR portafolio in Atlanta or nearby markets
My dilema is once I buy the property with hard money ( as prices in Atlanta are a little over ($100k purchase plus rehab money) for a decent area.
I’m stuck on which bank/lender will help refinance the house after is rehabbed to pull out the profit to go on to next house with me been an owner with a young business.
Here is a little more info to help :
I have $50k available to invest
Have decent credit in the 670 to 700
I have my company tax filings from 2018 and 2019.
Have done several flips for myself
And have all the crews needed to do rehab to a house( they all work for my remodeling company)
What would you do ? How do I get the money out after the house is rented?
Who can lend to me personally/or my company to be able to refinance?
Thanks in advance.