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Updated about 6 years ago,
Need help with BRRR in Los Angeles, California
Hi Everyone,
I bought a distressed property for cash in Desert Hot Springs (Riverside County). I'm in the process of fixing it up. I would like to refi and get my money back (BRRR).
1. Do I need to have a renter for 6 month before I can get a loan?
2. Does anyone have recommendations for a lender that can do a non conventional loan?
3. Does the loan get calculated based on my personal income or the property income?
Please help, any information is greatly appreciated.
Marina