All Forum Posts by: Kevin Jackson

The BRRRR strategy is best for rentals. The general idea is you buy it with cash, add value, rent it out, and then refinance to pull out your capital. This way, you are left with a cash-flowing, newly renovated rental property and have the funds to go do it again. The key point being you are obtaining financing at the end, rather than the beginning.

Awesome job! The yard looks great, and so does the house!

Different lenders have different requirements, so you'll have to call around and see what is available. From what I've seen, a lot of banks will require a 6 month 'seasoning period'. 

I've seen 1 months rent + 10% per month quite often. I've never seen the 50% for renewal though.