BRRRR Strategy When you Have Over 10 Properties?

[Jesse Daconta]

Hey guys,

Does the BRRRR strategy work well when you have over 10 properties? I hear that it's much harder to receive loans after 10 properties. Could anyone with experience shed some light on the subject? I'm worried that if you get a loan from a hard money lender after 10 properties that you'll have a difficult time refinancing. Is a bank more likely to refinance you if they see that you have significant equity in the house? Thanks guys!

I'm excited about going to an REIA meeting in Tucson, AZ on 11/6. Hit me up if I'll see you there!

-Jesse

[Ryan Blake]

@Jesse Daconta

Do you currently have 10 properties? If not, I wouldn't worry about it. You can cross that bridge when you get there. Focus on getting to 1 or even 5 properties first before you worry about 10.

For people who have 10 properties, I know you all probably already know this, you roll groups of properties into one commercial note. This is best done with a local bank and they will normally want 2 or 3 properties on each note minimum. And I am guessing for people with 10 or more properties, you also know that you don't need these in separate LLCs and will actually need them to be in your name or just one LLC to do this.