1st BRRR deal, do you pay cash?

3 Replies

Question you guys.

I'm am interested in rental property home investing. But I'm a little fuzzy on how to pay for my first BRRR.

In the first BRRR, do you pay for the property in cash and pay for the rehab in cash? Or do you put a down payment and get a mortgage and then refinance after rehabbing?

I guess technically you could refinance a bank loan. Typically they make you wait 120-180 days. Most investors on here are going to make the initial purchase with cash through their own capital, hard money, or a private lender. 

@Kim Rangel

Check out David Greene's BRRRR book. Good read with lots of helpful info to get you going :)

Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple https://www.amazon.com/dp/1947200089/ref=cm_sw_r_cp_api_i_Gi9vDbYHYHE0V

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