All Forum Posts by: Edgar Butler Jr

@John Warren Thanks John! Makes perfect sense.

@John Warren Thanks for the info John! I'm also looking at using the BRRRR strategy in different ways. I'm currently looking to purchase a property with conventional financing. The property owner is looking to sell for what is owed which currently is about 75% of the market value. The property has a long term renter and is currently renting for what would be about a $250 - $300 cashflow.

@David H. Ok, got it! Thanks David!

@David H. Ok, good to know! I was going to ask about seasoning and if the banks require that when going the conventional route. Are you working with a mortgage broker for the initial purchase and refi or do you go directly to the bank?

@Sara C. Ok, thanks Sara! I have been thinking about this same scenario to see if it would work. I'm glad to see someone else is using the strategy and it works.

@Sara C. Ok, thanks Sara. Did you put 20% down going the conventional route? If so, I'm assuming you pulled your down payment back out and would use that again for the next property. Is that correct?

@Sara C. You are correct, there is not a whole lot of talk about the BRRRR strategy when using a conventional method. Can you elaborate on how you are using the BRRRR strategy after getting conventional financing?

@John Warren Thanks for the reply! Can you elaborate a little regarding your statement about the BRRRR strategy and not having to buy with all cash to pull it off?

Can an heir who is executor of estate refinance a deceased relative's mortgage into their name?

@Jeff Smith I think you have some great questions in their Jeff so no problem from me at all! Thanks for getting those questions out there.