BRRRR Financing Needed

[Anthony Pantuso]

Hello BiggerPockets friends!

I'm looking into finance my first BRRRR. I have 1 traditional BRRRR and 2 unintentional BRRRRs under my belt that I financed with my own funds. I'm exploring an opportunity to purchase a property in close proximity to two duplexes that I own. I have a team together, and we just completed the rehab of 3/4 units in those two duplexes.

Property is a SFH located in an opportunity zone

Purchase price ~$50,000 (to be negotiated)

Rehab $40,000 - $60,000 (have not walked through yet, will have a better estimate after walk through)

ARV $160,000 (I have some good comps in the area)

Rent comps are at $1500/month

I can put 20-25% down. I would prefer interest only payments during the rehab period, if possible. Would love to connect with a lender to better understand my options!

[Jake Baker]

@Anthony Pantuso

Sounds like a good deal. I'm just up the road in Jacksonville. I have a good hard money lender that I use. I'll send you a DM.