Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
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 8 years ago,

User Stats

1
Posts
0
Votes
Vincent Guerrero
  • Raleigh, NC
0
Votes |
1
Posts

BRRR and Hard Money

Vincent Guerrero
  • Raleigh, NC
Posted

Hello, 

My name is Vincent, i recently moved to Raleigh, North Carolina and i want to start in the REI business.

I work as a network Engineer, and i have a decent income but i don't have enough employment history in the united state(I was in Dominican Republic since i was a teenager)  so i don't get a approve. 

After listening this today's Webinar it got me thinking about the BRRR rule an dhow to buy property from private lender and then refinance it with a commercial bank.

Should i use money from a Hard Money Lender to buy my first house, then when i have enough history use the bank and pay bank the lender? 

Thanks, 

Loading replies...