Trying to get my first BRRRR, found the property

[Rudy Munoz]

Okay I'm moving forward with a property that I'm purchasing with a hard money loan. It's the ideal rental in my market, 15 minutes from Ft Bliss, it needs about 5k in work, I got it at 70% ARV. I want to BRRRR this property but how am I supposed to refi with no income + poor credit. I just took out a loan for my vehicle this month and started my LLC in February if either of those matter.

[Tudor Sabie]

Have you closed on it yet? I am assuming no, since the hard money lender wouldn't give you the loan without an exit strategy. If I were you, I'd fix my credit first( I assume you still have unpaid debts) and then save a little. Income helps, too, btw. Sorry to spoil the excitement, but there is no easy way to successful investment. Ask me how I know...