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Updated 3 months ago,
Looking for BRRR lending ADVICE!!
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!