Exploring multiple possible exit strategies for BRRRR.

Rodrigues alluded to, it is important to build a team and to ask as many questions as possible while also doing as much of your own research as possible.

. - it is definitely possible, I have a handful of clients doing this.

I was wondering if anyone had any experience with this and if there is any expedited process that would allow me to get it within the month or as fast as possible?

Hey Alfredo, It is not 'common' but definitely possible.

However, if one of a couple is a homemaker (no w2 or only part time w2), it is possible.

We cut out the middlemen to get these as low as possible, so be sure to use a wholesale lender rather than a more salesy loan officer. 

. - Get really clear on a 1 year, 3 year, 5 year, 10 year plans - Get really clear on who's responsible for what - Decide EXACTLY how you are going to pay for repairsBuying anything with a group of family members is totally possible to succeed as long as you really prep yourselves on the way in.

Most of the specialty cost seg providers will do an upfront analysis and give you a range of the potential deduction and take into account your federal and state tax bracket to determine the tax benefit.  

The other is a 5 yr fix, by the Seller, with possible extension, due in 5 or 10, AT 7.5% with separation clause and no PPP.