Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago, 10/24/2019

User Stats

36
Posts
42
Votes
Kristian Conway
Pro Member
  • Contractor
  • New Orleans, LA
42
Votes |
36
Posts

Lending Options: BRRRR ALMOST THERE

Kristian Conway
Pro Member
  • Contractor
  • New Orleans, LA
Posted

So I am about 75% through my first true BRRRR deal and my last bit of funding has fell through. I made the mistake of buying the house using a conventional loan and have funded the rehab through a combination of personal capital and 0% APR credit cards. I've learned a TON through the process especially what not to do and what I will do better on the next deal. The cash-out will not only cover the renovation expenses but leave me with a conservative $10k in cash for my next deal. HOWEVER, now I am stuck trying to get over that hump to get enough capital to finish the deal. I am looking to most likely do a HML, however, I have struggled to find one that will do such a small amount <$10k. My credit score was very strong prior to the deal but has taken a hit due to the credit cards, so I am looking to avoid more credit hits if possible.

Any ideas or options?

  • Kristian Conway
  • Loading replies...