BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
How are Buy & Hold hard money loans structured?
I haven't considered doing Buy & Holds because I'm more into Flipping. But I have a good deal that I'm looking to close on soon and i'm just considering making it a rental and i wanted to know, what kind of loan terms should i expect to see? As far as interest rates? points? I'm confused and I'm looking for some insight from someone who may know.
I would be looking to BRRRR this home. And I'm hoping someone may have a spreadsheet or explanation of how it all would work. Thanks for reading!