Updated about 9 years ago on . Most recent reply
Executing the BRRRR strategy with private money (sort of)
Has anyone ever done this?
There's a property that I'm looking at that could be bought for about $80,000-$100,000 in cash. It's a 4 plex and needs about $25K worth of work and the ARV should be $175,000-$200,000.
What if I purchased the property with cash using private money, and give my investor(s) a 6-7% return on investment yearly for the first 5 years. After year 5 I refinance the property and buy out the investor(s).
What do you all think of this strategy?