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Updated over 6 years ago,
Initial financing for the BRRRR strategy.
Hello fellow Investors,
I currently own a duplex and have a 4 family under contract looking to close mid July.
I've worked hard to save up the down payment for both properties over time.
I've been wanting to execute the BRRRR strategy for some time now and apart from Hard Money lenders,
it's been difficult to find financing for the initial all cash purchase. I currently have about 40k saved 800 plus credit score
and I'm already preapproved for a good amount for the cashout refinance.
Has or is anyone else in a similiar position and how did you go about finding investors private money or building a partnership.
I've been to several meetups and seminars, however I feel as if I'm always being sold something. I've also found people that say they are on board but it becomes difficult to get in contact with them overtime.
Just looking for advice on how or where to find financing for the initial all cash purchase in the BRRRR strategy.
Any reply is helpful , thanks for your time
Best Regards,
Kip Samuels