Updated almost 6 years ago on . Most recent reply
BRRR Method Financing
Hello All,
When you buy using the BRRR method, what type of loan, time frame, and interest rate do you shoot for? Thanks, as I'm new to this whole thing.
Most Popular Reply
Hi @Norman T Eng, these days you can get a 30-year conventional loan with interest rates in the 4s (I'm paying a fraction of a point to get 4.25% on my current loan which I'm very happy with). If you play your cards right, you can find a lender who will allow you to use the "delayed financing" exception to do a refinance without having to wait the usual 6 month seasoning period. If you're interested in that, Alex Felice talks about it in detail on episode 301 of the BP podcast.