Updated almost 5 years ago on . Most recent reply
First time BRRRR financing options?
Hello all,
I am preparing to buy my first property, and am convinced that I would like to begin with a sfh using the BRRRR strategy. I originally was planning on buying the property using bank financing, and offering 20% down. The more Iearn about BRRRR, the more I realize that it is best to buy the property up front with cash. What options have you used to buy the properties up front with cash? I have an IRA that I could use to purchase a home, but would have to pay the penalties associated with it. I could form a self-directed IRA, but then I couldn't touch the funds for personal use.
What did you do to get your first BRRRR property? Thanks in advance!