All Forum Posts by: Letricia Steed

Hello All, 

Im new to the BRRRR model and I've been reading the book. I have a question about a property that backs up to a lake. Is the BRRRR model suggesting that the best way to implement the strategy is to use your own cash to buy the property ($120K) then use your own cash to rehab ($125K) or use a private or hard money lender to buy the property ($120K @12%) & rehab ($125K @12%) then go for the refinance? In short, what I'm asking is which is better? Is using your own cash going to net you better results or will using borrowed funds net you better results? (ARV $335)