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All Forum Posts by: Jasmine Golden

Jasmine Golden has started 1 posts and replied 2 times.

Post: BRRRing primary residence ?

Jasmine GoldenPosted
  • Real Estate Investor
  • Miami, FL
  • Posts 2
  • Votes 0
Originally posted by @Ronald Allen Barney:

It might even make more sense than the classic BRRRR, because as an owner-occupier of the property a mortgage lender will offer a higher loan to appraised value product, taking less cash out of your war chest and leaving you more cash for rehab. Quite possibly this gets you out of the high interest position of hard money. We could call it the BORRRR (Buy, Occupy, Rehab, Rent, Refi, Repeat) method and because it rhymes with "BORE" it'll be a better-kept secret to keep fad bandwagon jumpers from all trying to do the same thing out there.

 Thank you Ronald!

Post: BRRRing primary residence ?

Jasmine GoldenPosted
  • Real Estate Investor
  • Miami, FL
  • Posts 2
  • Votes 0

Question for the experienced investors out there. As a first-time home buyer in a hot market, would it make sense to find a distressed property (to live in), rehab, refinance it, and use the equity to invest in rental properties?