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Updated about 8 years ago,
BRRR
I found a great single family house in my town. I wanna buy it and use it as a rental so i can become a landlord. I wanna do the BRRR process as in Buying it , Rehabbing the little things , Rent it out locally , Refinance it from the bank.
Now here is where i need help?
Each step
Buy : where can i find PML that will lend me enough for the buying of the property , closing costs and the little cosmetic stuff ?
Rehab : Should that be out of pocket or do i include that in the numbers for the PML
Rent : I know i could rent it as a college rental ( not to for from the college campus )
Refinance : Would that be just a normal loan ? or a mortgage loan of the amount i took out from the PML ?