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Updated over 5 years ago,

User Stats

26
Posts
6
Votes
Dan Colantonio
  • Rental Property Investor
  • Long Island, NY
6
Votes |
26
Posts

BRRRR Strategy OR Flipping houses: Advice on Loan

Dan Colantonio
  • Rental Property Investor
  • Long Island, NY
Posted

I am looking into my first BRRRR house or to flip a house. I know it is good to use cash to buy it at first, but has anyone used a low down payment loan to initially buy house, then rehab and refinance? Can someone tell me how they went about the process of refinancing after a couple months of rehab? Are there any rules to the refinancing part? Is it that bad to finance the house if I can get a low down payment initially?

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