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Trenton Blackwood
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New to BRRRR, looking for advice!

Posted

Hello!

I’m a new investor, recently purchased a home from the recent Oklahoma tax sale.

I’m rehabbing the home and partnered with a property management team to do that rehab.


My question is, after placing a renter, how would you recommend getting financing and from establishment would you recommend?

Any and all advice is welcome. Thank you!


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Eliott Elias
  • Investor
  • Austin, TX
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Do you have a job? 2 years worth of income? These are questions banks are going to ask you to qualify. If you don't look good on paper I would start exploring non qualifying loans such as DSCR where the bank qualifies the property rather than the borrower

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