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Updated over 5 years ago,
Can I use traditional mortagage for initial buy when doing BRRR
Dear members, I am new to real estate investing and am now gearing up to do my first purchase. I would like to ask if it is possible to make a profit while applying BRRRR strategy if using the traditional mortgage for initial purchase (and then again to refinance)?
I live in Boston and real estate prices are fairly steep in my neighborhood. I'm wary of taking hard money or private loan for over $400-500,000 for my first purchase.
Thank you!
Tariq
I live in Boston and real estate prices are fairly steep in my neighborhood. I'm wary of taking hard money or private loan for over $400-500,000 for my first purchase.
Thank you!
Tariq