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Updated almost 5 years ago on . Most recent reply

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79
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134
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Billy Zhao
134
Votes |
79
Posts

The venerability of BRRRR method...

Billy Zhao
Posted

COVID made traditional financing and refinancing difficult - many banks now no longer do cashout refi for an investment property that are multi-family, many require much larger equity to be left in the property (25-30%)

Now with the eviction ban, it will make the method even harder, especially those new investors who only have class C/D properties and don't have a lot of equity nor cash flow to support their operation yet.

Your thoughts?

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