Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

2
Posts
0
Votes
Dina Hillier
0
Votes |
2
Posts

BRRRR + traditional funding simultaneously?

Dina Hillier
Posted

New user here! 

We have one rental property in Texas and just did a cash out refinance . (Our current tenant's rent is paying for total cost of new mortgage, including cash out)

We are currently looking at properties in the Cleveland area (my hometown). We have 250k to play with and are targeting a duplex as our 2nd property in the 200k range. We then plan on the BRRR method to continue expanding. QUESTION- Since I would qualify due to my income, should I simultaneously be getting preapproved for a traditional loan to expand at a faster rate? Or just stick to those original funds to start and see if/how we we can add a 2nd property within the next year. Thanks in advance!

Loading replies...