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Updated almost 7 years ago,
Trying to do 1st BRRRR/ 1st time deal.
I was wondering best idea to get a brrrr loan? My banker told me I could get a loan for a fix & flip & just pay interest on it for a year knowing I was planning on flipping. I mentioned to him getting that loan & doing the BRRR tactic he acted confused. Basically I would take that loan refinance & convert to a conventional loan correct? I’m looking to do my first one in next 30 days. Thanks!