BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Financing first BRRRR
I’ve been doing paralysis by analysis till my mind is numb. Ready to take the plunge but would like advice on how best to leverage my funds:
Savings: $50k
Credit: 800+
Credit card/vehicle/student loans: paid off
Location: Charlotte
Market: SFH or Duplex
I know I want to put little into this first deal but can't swallow the fact of shoveling out the PMI when I have the funds. I'm interested in putting the money towards repairs and doing a refi. Any suggestions on conventional loan or FHA? % of savings to invest in?
Thanks!