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Updated over 9 years ago, 06/29/2015

User Stats

692
Posts
356
Votes
Vincent Crane
Agent
  • Realtor
  • Atlanta, GA
356
Votes |
692
Posts

Coming up with money for rehabbing in a BRRR?

Vincent Crane
Agent
  • Realtor
  • Atlanta, GA
Posted

If you buy an investment property and plan on using BRRR, and come up with the 20% downpayment on a 100k property, how would you come up with the additional 20-30k for rehab? Out of pocket? I used to think a 203k loan would work but realized that only work on FHA loan backed properties, so if this is a second property that you're not living in, that wouldn't work. Is a partnership absolutely needed here? Or could you get hard money for the rehab, any ideas??

Thanks so much for the responses,

Vince

  • Vincent Crane

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