BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
BRRRR or seller finance?
I'm about to finish my first BRRRR deal and have an opportunity to purchase a few properties from a seller through seller finance. They want 10% down, 9.5% interest over 30 years. Now clearly that's a lot of interest and we haven't negotiated at all yet. My question is, should I focus my money that I pull back out into buying these seller financing deals to start getting cash flow right away, or keep recycling it into more BRRRR properties which will be slower to build up the portfolio. Note these seller financing deals are turnkey.
TLDR: lock up my available cash in seller financing for more cash flow faster? Or continue BRRRRing with the same money repeatedly?