2nd, 3rd,4th BRRRR

[Tim Dyer]

I am just starting my first BRRRR and in the process of the rehab portion. I want to start looking for my second BRRRR but wanted to know if/how some of you are doing 10-20 BRRRR per year? I am not getting my money "back" until I refi on my first one (8-12 months) but I see people doing 10-20 a year. Are people just floating multiple down payments? Or are they just seasoned enough that the lenders lower the down payments ~(10%) to allow more purchases? Thanks in advance.

[Matthew Crivelli]

@Tim Dyer

Most people doing multiple BRRR's a year are not taking 10-12 months to refinance. They are refinancing after 3-4 months. This is because they are setup to quickly complete the rehab and they are using commercial DSCR loans which have little to no seasoning requirements on the refi. Also you are correct, most hard money / private money lenders require a much smaller down payment on the rehab loan once the borrower has 3+ completed projects.