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Updated over 1 year ago,
Timeline for BRRRR Strategy
I am a bit stuck on how timelines work for the refinance portion of BRRR. I understand that I close on my property (Dec), renovate it (January) and then refinance it to pull out my money.
How long does it take you to have money back in your pockets the day after you call the renovation complete?
How can I move the process along as quickly as possible?
I see some folks moving much more quickly than others and I thought refinance loans take longer to originate and close. I have about $50,000 to cycle through.
Should I be working on ther sales using hard money lenders throughout the process? Just need to tidy up this part of the process. I feel stuck here.
Details would be very helpful