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Updated almost 4 years ago on . Most recent reply

Mike Owens's profile image
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Mike Owens
  • Member since Mar 7, 2021
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Mike Owens's profile image
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Mike Owens
  • Member since Mar 7, 2021
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Mike Owens
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Can BRRRR strategy w/ low income and $110,000 in the bank?

Mike Owens
Posted

I've been doing research about the BRRRR strategy and I believe this is the route I would like to take if possible. However, I'm still a little confused and worried about a few things that may stop me. If I buy a property with no loan and renovate, is refinancing an option since I don't have any financing on the house? If refinancing is possible, will my low income stop brokers for considering giving me a loan?

Thank you,

Mike

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