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Updated almost 8 years ago on . Most recent reply

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16
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2
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Aljawaun Golden
  • Jacksonville, Florida (FL)
2
Votes |
16
Posts

QUESTION: BRRRR Strategy on MFH

Aljawaun Golden
  • Jacksonville, Florida (FL)
Posted

Good Morning everyone!

Question that I have today is;

If I BRRRR a Duplex or Triplex with money I borrowed from a Private investor.

Once I pay off the private investor and get my money out. I would still be responsible for the equity loan payment right? And that would be just the amount of equity I pulled out that I would make payments on correct?

#askbp

Most Popular Reply

User Stats

16
Posts
2
Votes
Aljawaun Golden
  • Jacksonville, Florida (FL)
2
Votes |
16
Posts
Aljawaun Golden
  • Jacksonville, Florida (FL)
Replied

@Alexander Zurn; Thank you Sir! From the many videos I have looked at no has said that as part of the process.

I'm thinking many people feel it is implied knowledge. IDK

But thank you very much!

Another question; Do you recommend buying them under my business name and how many house or Value amount would you put on one Bank account?

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