When things went wrong around the house, I learned how to fix them.

Whoever owns it fixes it.

Keep in mind you can also tweak some of the coverage amounts they send you, and you can sometimes get discounts for certain things like weather resistant windows, security features, fire alarm, etc. 

I want to borrow against this property to get it fixed up and possibly buy another rental.

My BRRRR and Fix & Flip Investors like to buy in areas like Eastmoor, Hilltop, Whitehall, and Linden.

Get to know your variables like construction cost and values and rent amounts.

Fitchburg is not the largest of markets but still remains an ideal location to invest in due to the amount of rent vs the price of properties.

While there isn't necessarily a 12 month seasoning requirement to refinance in this instance, your loan amount will be limited to the original purchase price + closing costs/fees/points if you refinance before the 12 month seasoning period has passed.

Honestly, I would have never guessed that this market is actually not great for rental investments, but it is really strong for fixes and flips.

I actually tell them I’ll keep them there as long as they want to stay under market rate if they can fix or do little things on their own.