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Updated over 1 year ago,
Creative Finance + BRRRR. Is it possible ????
Hey guys I'm taking a dive into the creative finance game. There's a lot to uncover and lots to learn. For the BRRRR method, you would normally buy properties at a discount then rehab to force value. When buying a property using seller finance, would it make sense to lowball so I can refi out after repairs are done or would you recommend buying at a retail value where the seller is comfortable at and play the waiting game to refi as the property appreciates. Also how would I go about acquiring a subject to property. If the owner has no equity I would have to use my money for renovations to get it to market standard… correct ??? The main point of subject to is to avoid the banks and get a lower interest rate, correct ?? I'm still a bit confused on this concept. Any help or advice would be greatly appreciated!!!