Updated almost 4 years ago on . Most recent reply
Starting BRRR with a construction loan?
I am wanting to start investing in real estate in the Joplin, MO area and I am wanting to use the BRRRR method. I know that the best method is to pay cash down for the first property; but would taking out a construction loan to finance the property, then refinancing that loan after the property is rehabbed and rented work too?
The time to buy would not be 7-10 days because the bank is involved but it would make it easier because I would not have to pay as much out of pocket initially.