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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 2 days ago, 12/21/2024

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8
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Colton Bridges
Pro Member
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
9
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8
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How to refi out of hard money loan/multi unit

Colton Bridges
Pro Member
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted

I recently bought a duplex that I plan to convert to a fourplex. I used a hard money loan to purchase this off market deal.

I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit. I believe after the holidays the other unit will go quickly.

What is the rule to refi into conventional loan? If I secure renters and show a lease agreement and deposit can I get into lower interest rate mortgage?

I wasn't planning on going this big for my first investment but the deal, location and potential to value add was too good to not go for it.

Thank you!

  • Colton Bridges
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