BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago on . Most recent reply
Starting Out in Real Estate!! BRRRR
I am an aspiring real estate investor/RN. I created a plan that I am actively working on, pay off all debt, save, LEARN,LEARN LEARN.
But I want to know how do i go about getting, and completing my first deal? With the BRRRR strategy I am at the 1st 2 steps. I own a home that I bought for $165,000 now appraised at $215,000 . I owe 150,000 on the home and have owned it for 4 years. Id like to buy multi-unit properties, but I just want to know where do i begin to get financing for a deal? Should I refinance my home, and use the savings that I accrue to put down the 20%?
Thank you for ANY help/advice that BP can give me!
Most Popular Reply
@Andrew Postell AWESOME! I will do that!