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Updated about 2 years ago on . Most recent reply

User Stats

36
Posts
7
Votes
Ronnye L.
  • Investor
  • Fort Lauderdale, FL
7
Votes |
36
Posts

Using a rehab to refinance then using the refinance for a down payment.

Ronnye L.
  • Investor
  • Fort Lauderdale, FL
Posted

Trying a different approach to help me get into owning commercial Properties. I want to kill two birds with one stone or three birds. 1. Buying a single-family home that could create enough value by rehab or by adding square feet 2. Getting experience through the rehab process to help me qualify for commercial financing 3. Using the refinance as a downpayment. It feels like this would be a creative approach to eliminate some of my goals. Has anyone tried something like this or something similar? 

Most Popular Reply

User Stats

5,066
Posts
4,041
Votes
Nicholas L.
#4 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
4,041
Votes |
5,066
Posts
Nicholas L.
#4 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Ronnye L.

sounds like a BRRRR

  • Nicholas L.
  • Loading replies...