Help wanted! First Time BRRR- Duplex

[Tony R Fox]

Hey everyone. Very excited to share that I'm just getting into contract for my first duplex and I'm looking to BRRR. I will not be living in this. One unit is vacant. 2nd unit goes for under market rent but has a stable tenant. Both units need cosmetic rehab only, good bones on the home.

1. What do I do with the existing tenant knowing that I need to rehab?

2. When using a private money lender to help with the initial costs/renovation, when can I refinance? After both units are rented?

3. Any tips/lessons anyone would recommend for a first time BRRR?

THANK YOUUUUU