Exit strategies for BRRRR

[Ian Kisbert]

I'm trying to make sure I have multiple exit strategies when running numbers on potential BRRRR deals and want to make sure the strategies I'm looking into are possible.

This might be lender dependent, but if I use hard money and I find there might be a better return with a flip after the rehab has been complete, will a hard money lender allow the loan to be repaid sooner than a 6-12 month term that would have been originally agreed upon based on trying to go the BRRRR direction?

If I do more of a cosmetic rehab and use a normal loan, will that lender allow the loan to be repaid sooner than 6-12 months if that deal makes sense to flip right after rehab?

Pretty much want to make sure I have the ability to flip a property if I need to. I know even a failed BRRRR can result in great returns with little money into it, but I just want to prepare for any scenario.