What are best loans for multi-unit renovations - BRRRR
1 Reply
Clay Vratny
from St. Louis, MO
posted about 1 year ago
What is the best loan option to finance remodels / renovations for 2-4 unit investment properties to apply the BRRR method/ Forced Appreciation?
Not FM HomeStyle loan as this will not be my residence.
Thank you!
Clay
John Warren
Real Estate Agent from Riverside, Illinois
replied about 1 year ago
@Clay Vratny a lot of portfolio lenders will do construction loans on 2-4 units. The lender I use locally here in Forest Park, IL will do 80% loan to value on construction projects. If you don't have the cash to do the repairs yourself, you will probably want to find a similar local lender in your area.