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Updated almost 3 years ago,
Creative short term financing for long term buy and hold
I started BRRRing in 2020, and I am close to getting a 3rd BRRR rented. I pulled all the money out of the first two houses through refi. Things have been going well, and I have been exploring how to ramp up.
10 years from now, I'd love to have passive income from numerous rental properties. To ramp up BRRR or rental property purchases, though, I'd need more capital. I'm struggling with figuring out a good way to purchase long-term rentals through traditional financing or BRRR using outside money that allows me to pay that investor back in a few years vs. indefinitely holding their principal and being a long-term partner. Maybe a long-term partner is the only way.
Has anyone had success with something like this?