BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago,
Thoughts on BRRRR Strategy from experience??
I am looking to start my real estate investing career by the end of this year, or early next year. I have read the BRRRR book, as I am highly interested in this strategy, because it lines up with my investing goals.
My question to any investors employing this strategy is: have you, or could you get a hard money loan to acquire and rehab the property, then cash out refi into a traditional mortgage for the exit strategy, With the ARV of the property allowing the traditional Loan at 75% LTV to pay out more than you started with???
Thank you In advance!