BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
Networking in Baton Rouge: BRRRR
Hey Bigger Pockets Fam!
My partner and I new to the family but are so ecstatic to be here. We have just started our BRRRR journey with our first property on Clayton Street in North Baton Rouge off Plank road and Airline Hwy. Property is in the lower C class neighborhood. We purchased a property for 20k through sellers finance with 6k left to pay out. We are currently in the beginning rehab process. Our plan is to convert the 2 bed 1 bath home into a 3 bed 1 bath home. Our total budget is estimated to be about 20k with an overall budget of 40k. We are searching for lenders to help with the refi of this property and our future ones to come. We have three homes that we are currently eyeing in hopes of pursuit. My partner and I are both new to the Real Estate Investment business and are in need of clarification on the process of refinancing the property once completed, what are the most optimal options for us to take, and lastly we want to get the best LTV on the market.