Updated almost 5 years ago on . Most recent reply
I have a property and want to use the BRRR strategy but how?
I have a portfolio I purchased in 8/20. I’m looking to Cash out Refinance..... The portfolio consists of 2 multi Family and 3 Single Family homes. Out of the 5 properties only 1 of the Single family homes is currently being renovated and is currently rented.
I don’t have good credit but I do have partners who do ranging from 700-800. We are looking to get 300k to keep building our portfolio. We have been having issues finding a lender that can support what we need. We are looking to refinance the portfolio and obtain a commercial Loan.
How would I use the BRRR strategy here?