BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 7 months ago, 05/29/2024
BRRRR in Akron Ohio
Interested in thoughts/experiences with the initial purchase and the refi on a BRRRR in Akron. I'm an OOS investor. We're interested in cash flow and recycling our money. (Our first BRRRR but not our first rental). Interested in section 8 tenants.
We will be using a HELOC as down payment, however what can we expect when buying a distressed property in B/C neighborhoods in Akron for a BRRRR?
We want to use a hard money lender and use HELOC for 20% down payment…
should I be worried that once I buy and rehab I wont get a high enough ARV to refinance in order to payback my HELOC and HML?
What's the lowest hard money Lenders lend with SFR/Duplex properties in Akron?