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Updated almost 8 years ago on . Most recent reply

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3,034
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
2,019
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3,034
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BRRRR without proof of income?

Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Posted

How would I be able to buy a property initially and cash out refinance using the BRRRR strategy if I cannot prove income at the moment? That's the biggest hurdle I'm experiencing in my planning for my future cash flow properties. I have a decent amount of cash saved but even if I used that to buy a property outright I'm still going to run into the problem of getting my cash back out to reinvest into the next property, correct? Is there anyway around this? Creating an LLC and getting a commercial loan instead of trying to get a conventional loan in my personal name? HELOC? What should my strategy be?

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