BRRR Method Financing

[Norman T Eng]

Hello All, 

When you buy using the BRRR method, what type of loan, time frame, and interest rate do you shoot for? Thanks, as I'm new to this whole thing.

[Annchen Knodt]

Hi @Norman T Eng, these days you can get a 30-year conventional loan with interest rates in the 4s (I'm paying a fraction of a point to get 4.25% on my current loan which I'm very happy with).  If you play your cards right, you can find a lender who will allow you to use the "delayed financing" exception to do a refinance without having to wait the usual 6 month seasoning period.  If you're interested in that, Alex Felice talks about it in detail on episode 301 of the BP podcast.