BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
How to get started using the Brrrr
Hi all,
I am planning to Brrrr. How exactly do you implement this strategy?
Do you have to get the cash from investors/partners or out of pocket?
Can you use a FHA 3.5% loan or a FHA 201k loan and Brrrr using those loans? If you can how will refinancing work?
Do you need to build 25% equity of sweat equity to be able to get successfully get it refinanced?
If you use a partner/investor money how much should their return be?
What things generally gives the house more value?
What things should I keep in mind when walking through a property what things should I stay away from, and what things would should I not stay away from?
Why don’t banks give loans to houses in distress?