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Updated about 7 years ago on . Most recent reply

Juan Rubio's profile image
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Juan Rubio
  • from Lake Worth, FL
  • Member since Aug 8, 2017
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Juan Rubio's profile image
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Juan Rubio
  • from Lake Worth, FL
  • Member since Aug 8, 2017
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Juan Rubio
  • Lake Worth, FL
7
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45
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General Landlording & Rental Properties

What kind of loan should I use for a BRRRR?

Juan Rubio
  • Lake Worth, FL
Posted
I am pursuing my first deal, I am thinking of doing a BRRRR but want to know what other ways I could finance the deal other than a conventional loan. What are some types of loans that can be used for buy and holds? Thank you for your feedback guys!
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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied

We use private loans up front (8-9% interest only), that way we can finance the whole purchase and rehab (or most of it as it usually goes) and don't have to pay a bunch of loan fees. Then we get a long term bank loan once it has been rehabbed and rented.

  • Andrew Syrios
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