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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago on . Most recent reply

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14
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6
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Mike Brown
6
Votes |
14
Posts

How do you do BRRR if you're in bankruptcy?

Mike Brown
Posted

Let's say I'm in the midst of Ch. 7 bankruptcy and I have a nice paying job that allows me to save up about $30k per annum for a rental property to BRRR out. Saving up for the down payment/rehabs/closing costs/etc. wouldn't be an issue here, but I'm more worried about how I'd get a loan to cover the rest + do a cash-out refinance. And perhaps there would be more situations that would be difficult that I haven't mentioned yet.

So how would it work? Is it still possible to do BRRR while in bankruptcy?

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