Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

98
Posts
38
Votes
Patrick Shep
  • Rental Property Investor
  • Washington, DC
38
Votes |
98
Posts

BRRR with 200-300k. Need advice

Patrick Shep
  • Rental Property Investor
  • Washington, DC
Posted

I'm in need of some strategy. I'll soon be getting a HELOC (150-190k) and can also take out a 50k loan from my 401k and around and 50k+ cash. I want to scale with concentrating on cash flow.

What kind of deals should I be looking at to go after? I was thinking about using it for undervalued houses (under 200k) 70% or less on ARV with no to light rehabs and refinance to get my cash back or should I thinking bigger leveraging HML to maximize my return? I would not want to leave any of my money from a the HELOC or 401k loan for more than 6 months, so I can rinse and repeat.

Most Popular Reply

User Stats

954
Posts
441
Votes
Ko Kashiwagi
  • Lender
  • Los Angeles, CA
441
Votes |
954
Posts
Ko Kashiwagi
  • Lender
  • Los Angeles, CA
Replied

Hi Patrick,

Typically less rehab there is, the less upside there is on the BRRRR, so you might leave some equity in the deal if you don't have much repairs to do. Also, because there is a seasoning requirement for refinances, you'd generally have to wait 3 months before you can refinance. Personally, if you have to wait 3 months anyways, it seems like a good idea to take on a project that takes 3 months to maximize returns. Finding undervalued properties is a great way to instantly build equity, but this takes a lot of work as well.

  • Ko Kashiwagi
  • 310-848-9776
  • Loading replies...