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Updated about 5 years ago on . Most recent reply

User Stats

26
Posts
22
Votes
John Street
  • Realtor
  • Birmingham, AL
22
Votes |
26
Posts

Guidance on funding a BRRRR in Birmingham Alabama

John Street
  • Realtor
  • Birmingham, AL
Posted

I have a deal that looks really good on even my worst case calculations with the BP analyzer. 

I would like to BRRRR this project and use a Private Money investor or Hard Money Loan for the purchase and rehab.

I plan to cash out refi the property once the rehab is complete and rented so ideally I would only need the loan for 6 to 9 months before paying it off from the refi.

I know that BP has Hard Money Lenders listed, but are there resources available to help me get in touch with Private Money Investors for this?

I'm in Birmingham, Alabama but open to investors from anywhere in the US.

Thanks in advance!

Most Popular Reply

User Stats

86
Posts
30
Votes
Oliver Carey
  • Lender
30
Votes |
86
Posts
Oliver Carey
  • Lender
Replied

Hard Money/Private Money can provide up to 90% PP and 100% Rehab on Fix & Flips that can be advanced at closing or reimbursement style draws and can close in 2 weeks - Refinances starting at 4% with a great min 550 FICO and no seasoning for BRRR

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