Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.

We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

That is important when considering a conventional conforming loan.

Hi Amanda, I think this is where most borrowers get confused on a DSCR loan.

Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.

A non-recourse loan is an option if your SDIRA doesn't have enough funds.

Most DSCR loans allow LLCs to hold title and sign the note.

However, at closing, we did not take out the multi-million-dollar A&D Loan that would be required to purchase the property and construct the subdivision.

.- Do you have 200-250k cash, or is that what you can get with your loan amount?