Traditional financing versus self financing
1 Reply
Benjamin Larance
posted about 1 year ago
I recently completed the renovation of 2 Condominiums. Both are now rented to what appear to be quality tenants. I completed this project using interim financing from a brokerage firm. Now trying to decide if I want to seek permanent financing with a traditional lender or borrow the money from my company? The amount is not huge - less than $125k.
Thoughts?
Anthoney Hanks
Real Estate Agent from Forney, TX
replied about 1 year ago
Welcome to Biggerpockets!! Nice to meet you!! Hope for the best for you going forward! Sounds like BRRRR strategy. The BRRRR could allow you to scale.
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