I am looking at getting into the BRRRR side of investing. I read somewhere that if you purchase the home with your own cash and renovate with your own cash as well that you don't have to wait the gestation period to refinance out of it. Is this true?
Thanks in advance for your help.
Gestation period, LOL. Check out "delayed financing," as this is the term you are looking for.
Thank you for responding, Kerry.
Gestation period is how it was referenced to me :-).
Having the proper term helped a ton. Thanks!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you