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Updated almost 6 years ago on . Most recent reply

Chris Robinson's profile image
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Chris Robinson
  • Flipper/Rehabber
  • from Cincinnati, OH
  • Member since May 21, 2019
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Chris Robinson's profile image
Chris Robinson's profile image
Chris Robinson
  • Flipper/Rehabber
  • from Cincinnati, OH
  • Member since May 21, 2019
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Chris Robinson
  • Flipper/Rehabber
  • Cincinnati, OH
1
Votes |
7
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Private Lending & Conventional Mortgage Advice

Anyone used the BRRR strategy for a property you own outright?

Chris Robinson
  • Flipper/Rehabber
  • Cincinnati, OH
Posted

I have a property that I own outright that I'm exploring the idea of getting a hard money loan on to finish updating it and rent it out before I do a cash-out refinance in about 6 months or so. Is this a scenario that would be attractive to a hard money lender?

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Joel Thompson's profile image
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Joel Thompson
  • Investor
  • from Kirkland, WA
  • Member since Mar 2, 2017
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Joel Thompson
  • Investor
  • from Kirkland, WA
  • Member since Mar 2, 2017
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Joel Thompson
  • Investor
  • Kirkland, WA
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Joel Thompson
  • Investor
  • Kirkland, WA
Replied

@Chris Robinson as long as you don't plan on living in the property while you finish the rehab, that could be a great option!

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