BRRR New Construction Build

[Peter Castrianni]

I will be building a house that will be used as a short term rental. It will either be a 2nd home vacation home or investment. We have the land purchased and a builder picked out just waiting on a few things before we can break ground which will hopefully be September. We will have a good amount of equity in the house once complete. What is the best way to go about the loan so I can BRRR it. We want to pull the money out we put into the build when completed.

I am still looking for a lender and going over my options.  I was told can get a 30 yr mortgage or even do a 5, 10 year arm so i can lock in todays rates and then refinance when ready after the build is complete.  

I was also told to just get a construction loan then must refi when the build is complete.  I am just worried interest rates will be a lot higher when the build is complete estimated spring 2023  

Just looking for some advise how to pursue so I can BRRR this new construction home

House is located in Tennessee