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Updated almost 5 years ago,
The BRRRR Method and Financing
Can someone breakdown to me the financing aspect of BRRRR in regards to payment. So if a hard money loan is used to purchase the property will the investor have to pay the hard money lender on a monthly basis until he/she can completely refinance? OR is there no monthly payment to the hard money lender post BUY, Repair, and rent phase? Are there business credits and/or hard money that allows you to pay once you reach the refinance phase?
Thank you in advance