BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago on . Most recent reply
my first brrr
Hi all,
I am purchasing a house for 230k and it needs about 15k in work. The ARV should be 330k.
I am buying in cash but loaning myself with an llc of mine for 245k.
I want to do a refi immediately to get back the 245k. Would that work?
Also should I get a heloc instead so that I wont be paying interest untill I find the next house? what are heloc rates for investment properies?
Most Popular Reply
River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hi Yocheved -
Looks like you need to speak to lenders to see if this is pheasible.
Happy to connect and point you in the right direction.