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Updated about 5 years ago,
Best loans for starting out in investing.
I am getting started in real estate and have researched a lot about what to look for in a deal, etc. However I still want more clarification on the loan process.
My thought is:
Obtain a interest only loan for 2-3 years.
Purchase an undervalued property (BRRR method) etc.
Refinance after obtaining renter and then refinance with a home equity loan and do it all over again.
Is this a realistic process? Thank you for your feedback!