BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago, 12/17/2019
Does BRRRR work if use bank loan to acquire the property?
Hi,
It seems that most people use "hard money lenders" or "cash" to acquire BRRRR properties.
Is there a problem with using a traditional interest-only mortgage? The mortgage calculator I have uses regular mortgage by defaut, but I am confused because I don't usually see people using a regular interest-only bank loan to buy the property.
Is there a disadvantage or major problem with using regular bank financing to buy a BRRRR property?
Thanks!
Paul