Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

82
Posts
43
Votes
Pope Lake
  • Investor
  • New York City, NY
43
Votes |
82
Posts

Financing Success with BRRRR

Pope Lake
  • Investor
  • New York City, NY
Posted

Hello BP Universe! 

Recently I've been learning about the BRRRR strategy, and how to best execute. I've been reading David Greene's BRRRR book... I would highly recommend!

What I've been curious about the most as of late is how to find the best lending structure for this strategy. For instance, I know that since a distressed property isn't a great form of collateral, it is almost impossible to obtain a conventional loan. 

That being said, I know that many investors turn to either hard money, private financing, or family members to finance the initial home purchase and often the rehab. However, there are limitations to each of these, so - are there other options out there that I'm overlooking? And has anyone applied them to a deal? I am absolutely open to creativity!

For more background on my question, I'm looking to finance roughly 50k on a distressed property, and am targeting 25k for a rehab (max) and would like to refinance after a seasoning period (hopefully no more than 6 mos.). Depending on the financing, I am willing to pay the rehab costs myself to potentially save some money. 

Thank you in advance for your time and insight! 

Loading replies...