BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago on . Most recent reply
The process of obtaining a hard money loan for BRRR deals.
I have been doing research in my local market and practicing doing the math on multiple properties. At this point I have not yet purchased an investment property. I have gotten to the point of analysis paralysis. Could someone please help me by describing the process of obtaining a hard money loan and what the interest rates should look like?
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I would encourage you to google local hard money companies and reach out to them. The guys I have spoken with in my area are very helpful when it comes to analyzing deals (They do it every day). If there is a particular piece of the puzzle that feels off to them, they will let you know.