Updated over 4 years ago on .
Future Investor - BRRRR Question
Hello BP community! I'm reaching out to see if someone can help clarify BRRRR for me. I've been obsessed with Real Estate and building my wealth for the past year. I understand the principles of Real Estate and I also understand the BRRRR method and it's steps. My only question is regarding the financing for the purchase of a "fixer upper". As we know distressed properties typically do not qualify for traditional financing. Being the person I am I like to streamline and make things efficient, so getting traditional financing would do just that. I've researched and I've found that foreclosed/bank owned properties do offer traditional financing. Is this true? Thanks in advance, I will make sure to reply back!
Best,
Nick