Updated about 5 years ago on . Most recent reply
Multiple BRRRR at once, HELP
I am needing some help understanding something so if anyone can help that would be great. How are people doing 3-4+ BRRRR properties or more a year when it takes 6 months to refinance the homes??? Do they have multiple private money lenders or how can they get so many of these properties going. Also if they just have 1 private money lender wouldn't that lender want his money back on the first deal before he funds another?
Lastly with a private money lender do they completely fund 100% of the deal, for instance property cost 100k and renovation is 25k... does the private money lender front the 125k and wait for the refi to get his money back or do they normally just front 20% and expect you to get the remainder through a bank?