Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

6
Posts
2
Votes
Daniel Raine
  • New to Real Estate
  • Los Angeles - Las Vegas
2
Votes |
6
Posts

Question regarding completing BRRR

Daniel Raine
  • New to Real Estate
  • Los Angeles - Las Vegas
Posted

Hello, new investor here. I have been trying to educate myself as much as possible and decided to attempt a BRRRR strategy for my first property in Las Vegas. I found a duplex that requires some rehab, but I believe I still got under market value (I payed significantly lower than what appraisal came back for).
i am about to close on property using conventional loan and locked in a somewhat decent interest rate before it has continued to increase in recent weeks. 
since I went the conventional loan route, I wasn’t able to wrap up a rehab loan in the deal. Would It make sense to get a hard money loan for rehab and then refinance (considering the interest rates keep climbing, in afraid the refinance will have a much higher interest rate).  And I don’t wanna be stuck with a hard money loan for a long time either. I could also try to rehab as much as I can slowly as I save up more money. 
I would appreciate any insight into this part of the process, thanks! 

Loading replies...