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All Forum Posts by: Jared C.

Jared C. has started 1 posts and replied 12 times.

Quote from @Nicholas L.:

@Jared C.

yes, that's possible, but it's going to be very, very difficult, because it means everything went perfectly. in my opinion it's tough to BRRRR right now - contractors are overworked, materials are expensive, deals are hard to find, etc. and, using hard money means you have hefty holding costs because you're financing the loan while you rehab.

@Nicholas L. Thank you for the feedback! With the above mentioned obstacles to the BRRRR method you stated, what other methods are you using, or methods you know of to add value and/or build immediate equity on the deals you're doing?

I am looking to start my real estate investing career by the end of this year, or early next year. I have read the BRRRR book, as I am highly interested in this strategy, because it lines up with my investing goals.

My question to any investors employing this strategy is: have you, or could you get a hard money loan to acquire and rehab the property, then cash out refi into a traditional mortgage for the exit strategy, With the ARV of the property allowing the traditional Loan at 75% LTV to pay out more than you started with???

Thank you In advance!