Need advice a BRRRR for my second deal

[Alex Verbitsky]

Hi everyone! Have been reading Bigger Pockets and listening to the podcasts for over a year now and am happy to say I was able to get my first deal in January because of all the great information. Ended up with a duplex via FHA that I'm house hacking.

Anyway, I am now trying to get my second deal and want to go with the BRRRR process as I've secured some private money. My biggest concern is getting the loan once the property is rehabbed along with properly forecasting how much of a loan I'll be able to get. Credit isnt an issue but I'm unsure if the FHA loan will complicate things. Plus, I'm just not familiar with the process of financing a property paid in cash. To give some more information I am looking for a single family house (columbus, OH) that I can add functional value and hopefully square footage to in order to increase ARV. Looking at the 50-80k purchase price range.

I'm looking for any and all advice regarding doing a BRRRRdeal. Thanks in advance!

[Jaysen Medhurst]

@Alex Verbitsky, current craziness aside, you shouldn't have a problem refinancing a future BRRRR as long as your credit is good and your DTI is in check. I don't think the FHA will complicate anything, unless that bigger mortgage payment is pushing your DTI over the line.

What does the basic outline of a potential BRRRR look like? Purchase price, reno budget, ARV, expected rent?