BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
First BRRRR deal with family?
Hey BP,
I'm ready to do my first BRRRR deal! I'm wondering if you all think it's a good idea to have my family as my first tenants? They're responsible so I'm not worried they wouldn't pay the mortgage. They have been renting for over two decades so I want to help out. Any downsides to this? Thanks!
Also, my dad's a contractor so I'm planning to work with him on my BRRRR deals. He will be living in my first deal.