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Updated over 4 years ago on . Most recent reply

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12
Posts
2
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Anthony West
  • Accountant
  • Grand Rapids, MI
2
Votes |
12
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BRRRR Strategy - A couple questions

Anthony West
  • Accountant
  • Grand Rapids, MI
Posted

Hello,

I was recently told about bigger pockets and it is great so far. I have been investing in real estate for the last 10 years but have just heard about the BRRRR strategy.

It sounds intriguing. I have the cash and plan to do something similar before hearing about it. Always easier to buy a house with cash and can normally get a better deal.

My question for those who implement the BRRRR strategy is this:

After you have done this with 5 properties and now have 5 mortgages after refinancing each home. Do you still run into the problem of lenders only allowing 5 mortgages before you have to look for a different method of financing?

Or, is it different because each additional house your buying with cash and refinancing later?

Most Popular Reply

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974
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645
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Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
645
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974
Posts
Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
Replied

Hey @Anthony West, at that point (or before), talk to your lender about packaging those into 1 commercial portfolio loan. I wouldn't worry about the # of mortgages, you just have to make the jump to commercial.

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