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Updated over 4 years ago on . Most recent reply

User Stats

88
Posts
40
Votes
Nick Ferrari
  • Property Manager
  • Allentown, PA
40
Votes |
88
Posts

BRRRR Cash Buy or Finance First

Nick Ferrari
  • Property Manager
  • Allentown, PA
Posted

I own several investment properties but I have not tried a BRRRR yet. I have a 100K HELOC I also have additional cash set aside my question to all of you is:

Is it better to do a BRRR all cash purchase and then get a mortgage for that property? Or is it better to buy a home, finance it with a mortgage, fix it up, and then refinance after all of the repairs have been done? In addition to this what are the pros and cons to both methods. I have seen several people buy entirely cash that are cheap but most of the homes in the areas I invest aren't that inexpensive and I don't have enough funds to buy a home entirely cash. Anything under 100K is generally not the type of investment i'm targeting. Appreciate any help you can give. Thank you!

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