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Updated about 4 years ago,
Financing Options Other Than Investing Capital
I have recently invested in 2 BRRRR deals where I used my personal saved capital on. My question is: How can I keep the ball rolling for more properties in terms of financing for them? I do have reserves saved for the 2 BRRRR deals. I do have enough money in my personal Roth IRA to purchase a property, but do not understand how I could potentially use those funds for another BRRRR (I think I read somewhere that I am able to pull out $10,000 max without penalty so long as the funds are paid within 2 months. Seems like enough for a rehab, but not a property. Could someone verify?).
Should I just wait to the cash out refinance later on and then go for another 2 then while continuing to save from my day job? I do not want to miss out on deals where the numbers work out and want to add them to my portfolio. I know of hard money lending, but am not very familiar with this route followed by refinancing. I look forward to hearing from the community!