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Updated over 4 years ago,

Brandon Dean's profile image
Brandon Dean's profile image
Brandon Dean
  • Realtor
  • from Columbus, GA
  • Member since Apr 18, 2017
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User Stats

13
Posts
14
Votes
Brandon Dean's profile image
Brandon Dean's profile image
Brandon Dean
  • Realtor
  • from Columbus, GA
  • Member since Apr 18, 2017
Connect
Brandon Dean
  • Realtor
  • Columbus, GA
14
Votes |
13
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Getting HELOC on BRRR Property

Brandon Dean
  • Realtor
  • Columbus, GA
Posted

Trying to get some creative financing for a potential property purchase. Will use this property as a BRRR or Flip. I have a hard money lender, but can only get enough to cover either the purchase or the rehab. Is it possible to purchase the house cash, and get a HELOC on it, that would cover the Rehab Costs?

Details: "Triplex" 3/1 and two 1/1

Purchase Price: 60K

Rehab: 40-50k

ARV: 150-165K

Est. Rent: 1700

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