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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago on . Most recent reply

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Joseph Wells
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BRRR or Loan Options on Primary

Joseph Wells
Posted

So I am somewhat new to Real Estate Investing strategies other than House Hacking. After House Hacking 3 different homes using traditional funding in Raleigh, NC, I have found myself in a bit of a conundrum and would love any tips or advice. My current primary was purchased with the intentions of house hacking and renting it out to tenants. I have resided in the home slightly over 2 years and refinanced last year to take advantage of the low interest rates. I am now in the process of prepping this home to be rented and while in the midst of a repair have learned that the home will need approximately $25k of work. My initial thought was to simply BRRR the home once I move out, but I am hesitant since I just refinanced last year and know the new interest rates if I were to refi this year again will kill my potential cash flow when I rent. Are there any creative loans available or strategies I could implement to proceed with repairs other than BRRR?

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