Self Rental Renovation

[Chad Mercedes]

Hello

I recently have a rental property with tenants for over 8years. The wife and I are looking at performing the BRRRR strategy.
I’m a tradesman that works for a contractor and have 20years experience in Reno’s and new builds. I wanting to make a career change and was curious if it makes sense to do all , if not majority of the renovations and pay myself instead of paying contractors? And repeat this. 

What kind of loan would you recommend or solution?

Thank you 

[River Sava]

Hey Chad, congrats on the rental and moving towards BRRRR! With your experience, it definitely makes sense to handle most of the renovations yourself—it could save you a lot.

For financing, you could consider a hard money loan to cover the purchase and rehab. These are typically higher interst, short term loans. Once the project is complete and the property is stabilized, you can look into refinancing with a DSCR loan, which focuses on the property's cash flow rather than your personal income. Check out this article: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Would love to connect with you and chat further about this!