Aside from the traditional long-term rental, the borrower could opt for a short-term rental income strategy instead, in order to generate higher cash flow in a peak period and then sell the property before the 12-month loan term expires.

I have a question on the FINANCING of the first BRRRR purchase. can someone explain what is the best way to finance the first transaction - is it a traditional loan with 20% down or should it be all cash / etc?

I started doing it because our market, in peak season (summer and fall), is a traditional Saturday-Saturday weekly rental market.

Hi Jay,If you aren't currently employed/have no income, most traditional loans will be out of the question.

Hard money lenders specialize in providing short-term loans for real estate investments, typically with higher interest rates and shorter repayment terms than traditional mortgages.

I will note, whether it be stainless or some form of matte color, a smooth exterior will show a lot more wear than the traditional textured exteriors.  

I have talked to 20 plus investors in the last week considering switching from traditional tenants to section 8.

Additionally, can you eventually do a BRRRR refinance with a traditional mortgage?

I say this to illustrate a point which is you are looking for unicorns or the property is not marketable in a traditional transaction (could be location, condition, price etc.) and therefore the seller has to offer creative financing as a concession to off load a bad asset.

@Sean Gribbons we completed a condo conversion and you are correct, the unit sales could not be traditionally financed until the very end of our project.