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Updated over 1 year ago,
Auction.com Qi’s and lending for refi on cash deals. BRRR
Hello BP, I am a new investor, i bought my first property in Las Vegas with a VA loan a couple of years ago and have some equity a long with some cash saved up.
I am looking to break into a different market since my goal is to have cash flowing Rental properties incorporating the BRRR method into my strategy.
Looking for deals, I have stumbled across auction.com, but it seems risky considering no inspections can be completed beforehand.
Does anyone have any tips when taking this route to find a suitable property?
is there anyway to get bids from a contractor or follow up with some kind of due diligence ahead of time? again i am looking from a great distance.
Also I would like to get in touch with a lender who has worked with investors incorporating the BRRR method before in the area so I can better understand what the requirements for refinance are. I can make sure to check all the blocks in advance and lower/mitigate my risk of possibly being stuck in a situation where my capital is unnecessarily tied up. Perhaps we can do business together and get some deals done that could be beneficial for both of us.