Most lenders have two loan products which will be needed to accomplish the BRRRR method.

The successful wholesalers I know either (1) spend $75,000 or more annually on marketing or (2) wholesale as a by product of a fix n flip operation, like Homevestors.

I know AR is notorious for slow appreciation, but also fairly recession resistant.

@Joshua Gwaltney apply for fix and flip financing, which includes purchase and reno costs, then refi into a 30 yr product once the property is stabilized and owned for 6 months.

Worried the markets gonna slow down soon and it won’t appraise at 585k if we refi’d in a year... prices have shot up like crazy in the past six months!!  

These guys are often more familiar with day to day product instead of high-end/spec homes, and good property management companies will cull a list of responsive, reliable, and affordable contractors that are licensed (if required) and insured.  

I think it's time for you to have a productive conversation with her about what you're looking for in feedback, turnaround time, as well as deliverables for the weekend.

Since COVID, this loan product from this bank is no longer available and the highest LTV they go to now is 60% for their 5 and 10 year term products.I would focus on trying to obtain longer (10+ year debt) and that will substantially minimize your risk.

@Chris Iley without consistent income you wouldn't qualify for conventional financing but there are 30 yr products available that use the subject property to help you qualify.

It’s a slow start but it’s how we got started and it’s just as exciting!