However, some investors are fine with this strategy if they prefer to minimize their upfront investment and plan to refinance in a few years, especially with potential interest rate cuts from the Fed this year.At the end of the day, it’s all about investing in a growing market, selecting a solid neighborhood, and building a strong team to support you.

Ensure compliance with 45-day identification and 180-day closing rules.This post does not create a CPA-Client relationship.

I just learned all this in the last two days as I’m tearing down a mobile home from the 1960’s.  

DSCR Loans - Both Purchase and Cash Out Loans- Investors typically use these on the cash out portion of the BRRRR Strategy - Minimum Downpayment, usually 20% but some lenders offer 15% down - Max LTV on Refinances, typically 75%, but some lenders will do 80% - Minimum Title seasoning (since the property was purchased and recorded on county records) is 90 days, although some lenders have no seasoning at all as long as you can show rehab work completed. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620. 

It's also easier to handle dips in census similarly to dealing with rental vacancy if you have one rental property compared to a larger apartment building.My wife loves the operations but we have steadily been working her out of the day-to-day stuff. 

Wow, this was a great article

Never pay for a programs or mentorship on the first phone call/ first day.

For me, if I wasted even half a day trying to find one rather than buying this one it just would not have made sense. 

As a matter of fact, far too many these days don't write contracts or stick to their price commitments after the project is well underway. 

Hey,I am curious if any of you have found good deals on the market that were listed on the MLS for a long time (90+ days).