Hello BP. I just won a foreclosure property at Auction.com and will be making the purchasing for all cash. The property will need a good amount for the renovation but is a perfect candidate to execute the BRRR strategy. Instead of waiting to do a cash out refinance after the rehab I would like to immediately recoup the funds I used to purchase the property and the apply them to the renovations. Has anyone used this strategy lately? Can anyone recommend a lender who offers delayed financing? Thanks in advance for any input for the BP community
@harjeet Bhatti can do it
it wont let me tag her so here is a link, just let her know I referred you
@Sean Carroll Ok Thanks I will reach out to her.
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