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Updated almost 4 years ago,

User Stats

125
Posts
16
Votes
Matt Wells
16
Votes |
125
Posts

3 projects simultaneously. 20% Down 30yr Loan, Flip and BRRRR?

Matt Wells
Posted

What are your thoughts about having 3 projects simultaneously to scale quickly to reach the 10 loan limit on conventional loans. Then adjust the plan to scale commercially from there? I am thinking this: Buy homes with 20% down on conventional loans, Flip, and BRRRR all at the same time. Assuming there is capital available for the 3 projects, does this seem like a good plan? It seems like you would benefit from the advantages of all 3. Please weigh in on the pros and cons of this.

1. 20% down conventional: Low rates, locked in for 30 years, not leveraged as much, more cash flow.

2. Flip: Flip homes and use W2 income to finance rentals on conventional loans.

3. BRRRR: Complete the BRRRR process and leave as little money in the deal as possible while making sure monthly cash flow is at least $200 after expenses.

What does everyone think?