I want to BRRRR and don't want to keep pulling out of pocket.Purchase Price: $ 163,000Downpayment: $8,150Rehab : $18KCurrent Loan AMT: $152,000Soft Appraisal: $210-240kWould still cashflow but obviously not as much.Lender says he can only go up to 70% LTV as it is a 2-4 unit property.

In Carroll County, bidding is done auction by surplus, not interest bid down method.

@Scott WolfHi Scott, I just started looking/researching into Poughkeepsie and wanted to know if you are doing the BRRRR strategy and if so, how did you get the ARV?

I'm having trouble applying the BRRRR strategy because there is no increase in value to cash-out refinance.  

Just make sure you work with a Realtor who understands House hacking the BRRR method.

I'm a lender and will be able to help you with the BRRRR strategy, contact me if your ready to get talking and put a strategy in place.

Looking to purchase a duplex up here for $10k, it needs $30k worth of work, ARV is $60k. This brings my 70% refinance to $42,000. Is this too low for any bank to take on a refinance or is that just big banks? I use a...

So my question is, is it possible to do a brrrr on something like this?

If it were me, I'd be looking to BRRRR the mid-range properties and considering multi-family, not SFR.

Investment Info:

Single-family residence buy & hold investment in Colorado Spgs.

Purchase price: $155,500

Cash invested: $155,500

We landed this property at auction for $29,000 over the starting ...