BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 8 months ago,
BRRRR Capital Partners (Off Market)
Currently under contract for a large off-market residential property.
Quick details: 4,200+ sqft 12bed / 5bath (2 kitchens) (No a flood zone)(Light - Medium rehab / rent-by-the-room play)
My partner has been a PM in this community for 20+ years and is highly confident in this deal (as am I).
The current issue is, we aren't confident the property can close with a bank due to a few seller complications.
( ^Very long story, but if you want to hear it I will tell you haha)
We're looking to over-raise about $335k ($255k purchase and $80k for the rehab).
But we (and our contractors) know the rehab portion will come in a bit lower.
Can anyone point me in the right direction?