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Updated about 6 years ago,

User Stats

26
Posts
3
Votes
Marina Flu
  • West Hills, CA
3
Votes |
26
Posts

Need help with BRRR in Los Angeles, California

Marina Flu
  • West Hills, CA
Posted

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

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