BRRRR Strategy using SDIRA

[Matthew Orme]

Hello All,

I'm considering many investment strategies for my SDIRA. The two that I'm most interested in is turnkey properties that I would buy and hold and the BRRRR strategy. My questions is regarding the BRRRR option and how difficult it is to 1) find a hard money lender willing to provide the initial capital and 2) how hard is it to refinance w/a traditional lender once the rehab is complete.

Thanks,

[Ben Stoodley]

Hey Matthew Orme that's a great strategy. We've financed projects where the borrower covers the down payment with their SDIRA, it is pretty much the same process. If you'd like help on finding the right lender, feel free to reach out, in addition to the abundance of awesome info found here on BP. Couple tips while conducting your HML source - make sure they're Direct Lenders and confirm all fees associated with the loan. Every lender is different and therefore all loans are structured different. Things like not charging the interest on the fund control amount vs the entire loan amount, prepayment penalties, extension fees, etc. And most of all - reputation! Ask for referrals. Hope this helps!