Updated over 6 years ago on . Most recent reply
Can You BRRR With Poor/Bad Credit?
Hello everyone - I recently have sold a business that I over-leveraged and have quite a bit of debt left from it. Due to this, I am left with very poor credit. I am hoping to purchase my first BRRR property but am worried I will not be able to refinance any time soon. Any ideas of how to combat this?
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Thank you @Amanda G. and @Eric Carr. In the case of BRRR where I would want to refinance, do hard money lenders do this? I would imagine the interest would cost too much. It seems I would need a partner who would be willing to take the mortgage into their name. Would that be a reasonable solution? I am hoping to buy and hold.