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Updated over 6 years ago on . Most recent reply

User Stats

146
Posts
109
Votes
Gretchen P.
  • Rental Property Investor
  • Littleton, CO
109
Votes |
146
Posts

BRRR friendly lenders in CO

Gretchen P.
  • Rental Property Investor
  • Littleton, CO
Posted

I am under contract for a property and will be converting the garage to a cottage, I will also be adding updates to add value to the main house. Ideally I'd like to refinance it after the cottage is completed and rented. The property is in CO Springs. I plan to put at least 20-25% down for the purchase plus use my cash to do the conversion. We have excellent credit, other properties with equity, etc., I just would rather not keep all the conversion costs in the property for a year. 

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