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Updated over 4 years ago on . Most recent reply

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6
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0
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Mellinda Thaxter
  • New to Real Estate
  • Brampton, ON
0
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6
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BRRRR - Who pays monthly costs?

Mellinda Thaxter
  • New to Real Estate
  • Brampton, ON
Posted

Hello folks, I am new to this world and trying to understand BRRRR in its entirety. My husband and father-in-law are in the costruction field - over 40 years hands on reno/building experience between the both of them. Assuming I don't have any money for d/p and reno, am I to understand that the HMLs will loan me these funds? Who pays the monthly mortgage during the reno phase? Is it that you rent it after reno is completed? Thanks

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