Updated almost 5 years ago on . Most recent reply
BRRRR Strategy - A couple questions
Hello,
I was recently told about bigger pockets and it is great so far. I have been investing in real estate for the last 10 years but have just heard about the BRRRR strategy.
It sounds intriguing. I have the cash and plan to do something similar before hearing about it. Always easier to buy a house with cash and can normally get a better deal.
My question for those who implement the BRRRR strategy is this:
After you have done this with 5 properties and now have 5 mortgages after refinancing each home. Do you still run into the problem of lenders only allowing 5 mortgages before you have to look for a different method of financing?
Or, is it different because each additional house your buying with cash and refinancing later?
Most Popular Reply
Hey @Anthony West, at that point (or before), talk to your lender about packaging those into 1 commercial portfolio loan. I wouldn't worry about the # of mortgages, you just have to make the jump to commercial.