Updated almost 9 years ago on . Most recent reply
BRRRR strategy with hard cash financing
I have a property on contract which fits the BRRRR criterion. Something like, Buying 120k, 25k renno, 180k ARV. Is it possible to do BRRRR with hard money? I was under the impression that bank are either 80% appraised value or buying price whichever is lower in the first year, hence brrrr isnt an option with hard money. I can cover 20-30% downpayment but dont have enough liquidity to buy all cash. Are there any other options? Please share your thoughts.