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Hey everybody trying to refinance my first BRRRR deal, bought house for 45k put 10k in had it appraised for 105k renting for 1250 a month. Trying to refinance now with a 30yr fixed but every conventional loan is requi...
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Curious if anyone out there as something bad to say about BRRRR or did not have success and has some experience on some pitfalls to look out for before starting? Thanks!
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I have been doing the brrrr method for a few years now with a partner,we are up to 5 properties now,I want to scale this up,faster turn arounds,etc.it takes 4 months from purchase to finished and rented out,I do all t...
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For a cash-out refinance, do the banks approve it based on the properties value, cash flow, etc. to approve the refinance or do they also need to have the borrower's credentials like D-T-I, W-2, etc. Also if there is ...
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So I have lined up a home that I was originally going to flip but I think may be better for the BRRRR Method. Or at least I thought so.The homes ARV is roughly $250,000 but I can get it for $170,000. It needs $37,000 ...
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Hi, the last post I could find on this topic is from about 5 years ago, so here we go...We bought our first property on September, completed the rehab in October and our first tenant is moving in next Monday in a 12-m...
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my husband and i have completed the the 1st 3 of the B(uy). R(ehab). R(ent) and we are stuck at the R(efinance) part and we are looking for some extra help while we continue to search and read about refinancing a prop...
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Hey BP,I am embarrassed to say this but I still can’t grasp how the whole refinance step works within the BRRRR method.So from my understanding is say I purchase a single family home for $100,000. My mortgage will be ...
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Hello all,When doing the BRRRR method with hard money lenders as financing, I am aware that they typically require an LLC. How will the refinance process of BRRRR work in this scenario? I am aware of commercial/portfo...
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What term are you getting on a BRRRR property when you refinance to pull money out?If it's under an LLC. I was told to unclaim the deed back to my name before getting a mortgage. Then put it back to LLC.....what??