Updated 7 months ago on . Most recent reply
help with the BRRRR method
I have a few rental properties already. We just bought two houses on one lot after using a heloc on our primary residence. When we did the heloc we reached out to everyone (credit union, loan companies, etc) and was told that was the only option available. We already had a single-family investment property prior to this new multifamily purchase and was told there was no option to use that properties equity. now we have renovated this multifamily property and wanted to use that equity to purchase another property. We reached out to everyone again and are being told we can only use a heloc on the primary, and can't refinance until a year. We already have a heloc on the primary so that is not an option. How are people using the brrr method or who are they going through to allow them to immediately refinance and use the equity? I would appreciate any guidance to help scale up our rental portfolio. Thanks everyone.



