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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago, 12/17/2019

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10
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Paul Sterman
1
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10
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Does BRRRR work if use bank loan to acquire the property?

Paul Sterman
Posted

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

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