Updated over 5 years ago on . Most recent reply
Looking For a BRRRR Lender
I have two deals under contract currently with 10 days left during the inspection period. One for $55,000 (1800 sqft) and one for $100,000 (1400 sqft and an attached apartment). They both need a new roof and one needs repair for water damage. Our area was just hit by a cat 5 hurricane 2 months ago. I have other investment property that was destroyed and was cash flowing $800/month net. Going for a total loss right now from the insurance company. My goal is to buy 5-8 properties here and put them with a management company before we leave to go and do travel nursing. We have a decent income and very solid DTI and am sitting on a good chunk of cash. I'm already working with a lender here but they aren't fond of the brrr method and are a super conservative bank. Who can help?