Looking for BRRR lending ADVICE!!

[Jamison Shaw]

Looking for advice or dos and don'ts when it comes to Lending on a BRR deal, Looking at a package of 3 duplexes, 6 Doors total, purchase price of 400-425k with around 100k in rehab cost, I am by trade a licensed contractor and will be doing the rehab work. I have the cash to go conventional, but I don't love the seasoning period. Also have well more than enough equity in my own residence allowing me to use a heloc for the down payment. I have tried several sets of numbers in the BRRR calculator, and even the most conservative numbers cash flow over $1,000 a month ( only numbers I'm not super comfortable with are fees and lending cost) . Any advice would be greatly appreciated!

[River Sava]

Hey Jamison, 

Are you considering hard money for the initial purchase rehab? 

Also, sounds like a DSCR would be a great option for the refinance side of things. Check out this article below that details how DSCRs play into BRRRRs. Happy to connect!

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...