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Updated over 5 years ago,
Buy, Rehab, Rent, Repeat questions.
Hellloo! I wanted to ask about a few things regarding the BRRRR method.
I found a property in my area for a good price.
95k - comps run for 135-145. Probably around 15-20k of work to put in.
My questions are:
Can you BRRRR if it is a house you want to live in for 1 year - 2 years? If so what's the best way to go about it.
The house is very live-able. Would I be able to move in, fix up and refinance the property I live in? And then start the BRRRR cycle from there?
I am not in position to buy properties cash yet.
Would this property still be able to work for what I am trying to do? Whether it was 3.5% down for first time home buyers. Or 20% down with a mortgage?
Thank you all!