All Forum Posts by: Account Closed

@David M.

Thanks David, I'll talk to some commercial lenders and find out if they will let me use this structure. Appreciate the insight!

@David M. Hi David thanks for the help, the timing is one if my concerns however, the gift tax is another major concern. I’m hoping there is a more cost efficient way such as an llc or limited partnership that would let me use my investors funds, but assume the risk of the title to me (in return for my investor putting up the cash). 

Do you have any experience or tips when it comes to these areas?  Thank you!

Hi Bigger Pockets Community,

I'm a first time real estate investor looking to go in on my first BRRRR deal within the next few months. I'm starting to reach out to lenders and am having trouble finding one that will let me refinance a loan before 6 months. Is it possible to find a lender that will allow someone to take out a mortgage, renovate the home, then refinance the loan after you finish the renovation under 6 months?

Or is the only way to do a BRRRR by using hard money for the purchase, then getting a loan on the house once it has already been renovated for the new appraisal price?

Any help or suggestions are welcome!