Updated about 2 years ago on . Most recent reply
How to find funding to start BRRRR (and scale fast)
I am a noob and got interested in doing BRRRR. I'm going to fund my first BRRRR somewhere in the midwest region with a conventional loan (which is a bit weird but I couldn't find a better option) but figured that's not going to be very fast or sustainable due to the longer seasoning period and the fact that my money will be tied to the property for an extended period of time. I also looked at hard money but that's not very affordable and requires a deposit which totally bashes the point of doing BRRRR. And it's challenging for me to find private lenders. Is there a way out? Curious what other investors are doing in such a challenging environment.
Most Popular Reply
The BRRRR strategy can be difficult on the first "B". That's because these are typically distressed properties and many may not qualify for conventional financing.
Most do it with cash or hard money lenders.
It's very hard to get into a property for truly $0 down. Your best bet might be to look into investing local with an FHA loan if funds are tight.
That or partner with someone that has the cash.