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Updated about 2 years ago on . Most recent reply
Looking for recommendation of a Bank in San Antonio for a BRRRR
Could someone recommend a bank they used for a BRRRR in San Antonio?
I'll be an out of state investor.
Found an owner finance deal. I'm planning to rebuild the house and repay seller. Once house is rebuilt I'm wanting to pull money to pay seller in full and construction loan off.
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
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#3 Private Lending & Conventional Mortgage Advice Contributor
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
Typically BRRRR loans are better with private lenders than banks due to the underwriting guidelines and processes, a lot of BRRRRs require super quick closes, cash-out refinances very quickly and looser requirements on personal income, documentation etc. for optimal returns.