BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago,
Brrrbnb - near Phoenix AZ - advice on financing
I am a new investor looking in the following areas: Tempe, Scottsdale, Mesa, chandler AZ
My goal is to purchase a second property, Airbnb the property and Using BRRR.
Budget is 150k : condo or SFH (my budget doesn't give me many options)
Questions:
How can I increase my budget without as much cash? What types of loans can I use to my advantage?
I have 26k cash to bring to the table for DP & closing (this number is growing as I save), but I was trying to get a large enough loan to finance the rehab (ideally cosmetic only)
Thanks in advance!
Also I live in Long Beach California, I have a team in AZ assisting me, but looking for more advice and experience.
If anyone needs any help in the so cal area I am here for you.