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Updated almost 6 years ago,
Using hard money to BRRRR multi-family rent / hold
HI everyone. I'm looking to get feedback and advice on the idea of using hard money, entirely, for the down payment and rehab, then doing a 12 month cash out refinance (maybe 6 month depending on lender) to go into a conventional mortgage to rent / hold a multi-family. What experiences can you share, advantages / drawbacks? Would you recommend this strategy? Thanks!