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All Forum Posts by: Dylan Lowery

Dylan Lowery has started 1 posts and replied 3 times.

Starting Out

Post: BRRRR Bank Financing

Dylan LoweryPosted
  • Posts 3
  • Votes 1

Sam Smith Thanks for the input! I just got really thrown off when I had an agent tell me I would initially need to do a commercial loan. I need to do more research on what that even is exactly. Looks like my next step should just be contacting some lenders and see where I stand financially.

0 Votes
Starting Out

Post: BRRRR Bank Financing

Dylan LoweryPosted
  • Posts 3
  • Votes 1

@Indongo Davis

So I'd be starting with a single family home and keep to rent out after rehabbing. Would the "commercial loan" be the high interest loan to begin with?

0 Votes
Starting Out

Post: BRRRR Bank Financing

Dylan LoweryPosted
  • Posts 3
  • Votes 1

Currently researching on how to go about my first BRRRR project. An agent I've been speaking to told me I would need to get a commercial loan as the initial loan, followed by a typical mortgage for the refi. Is this correct? Or should I be able to do a traditional mortgage for both stages?

1 Vote