I'm currently stacking money to put into a first deal. I plan on BRRRRing my way through and I'm wondering what different strategies exist for funding other than traditional loans and FHA. Im open to anything!
A house worth doing BRRRR on - by definition needs repairs.
Conventional mortgage residential lenders won't finance properties that need renovation or houses that are not liveable.
There are 2 ways to finance BRRRR deals on the Buy-side:
1) cash; or
2) hard money (known today as "Rehab loans")
In order to start BRRRR, you should save up the cash and talk to a hard money lender.
Check out CHOICERenovation by Freddie Mac.