BRRRR in local area where small singles are $300K+?

BRRRR in local area where small singles are $300K+?

Member since 2019 · 1 post · 0 votes

Looking for recommendations on how to get started with BRRRR when it can be difficult to save up enough $$ to buy first property outright. Should we start with as much cash as we have and build toward compounding our savings over time? Everything we have read says you should purchase your first deal outright with cash and then refi after the rehab.

Thanks in advance for any suggestions and recommendations.

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  • Real Estate Investor · Palm Beach County, FL · Member since 2017 · 3k+ posts · 2k+ votes
    5y

    You don't have to buy outright with cash.

    You can use partners, HML's and even traditional financing if the numbers still work.

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