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Updated about 4 years ago,
Anazlying a deal using seller finance
Is it possible doing the BRRRR strategy without an all cash offer?
I'm currently looking at a duplex in a college town. The asking price is 160K and it has been on the market for 1 year. The property looks like it would appraise around 185K. The owner is offering seller financing. Has anyone ran into the situation where the go through with seller financing and the refinance into a 30 year loan with a bank? Is it possible to do a cash out refinance? Almost as if it were a BRRRR property?