BRRRR Strategy question??

[Peter Fennig]

I've currently got a Private money partner who brought all the money to the table for my second flip forthe purchase and the rehab. With the numbers the way they look I could definitely do the BRRRR strategy on this deal instead of flipping it, recoup all his money with a 75% loan, pay him back and keep the property, rent it out while recycling his money on the next property to do the same thing.

My question is this is my first time using this strategy if I go that route, and I'm Just getting out of a messy divorce that ruined my credit score and Credit in the process and I wanted to know if that is a waste of my time trying to find a bank With my credit the way it is who will finance the property... Or if they're loaning you 75% loan to value, Will they base it mostly on the asset or will my credit score be a major factor in that still. ?

[Anthony Dooley]

@Peter Fennig you won't know until you shop it to several banks. Don't throw in the towel before you try. If no bank will refinance the loan, then sell the property. This is the best time in a decade to sell a house.