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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 20 days ago on . Most recent reply

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Kayla Simmons
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BRRRR - Hard money vs Cash

Kayla Simmons
Posted

I'm trying to guage whether I'd like to go the hard money route for my first BRRRR or save up a bit more and try to pay cash. I would be able to put about $20k toward my first purchase right now. I've read some books that highly recommend paying all cash for the first one. What's your thoughts? I'm obviously still in the research phase - not ready to buy just yet.

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Kyle Deutschmann
  • Lender
  • Baltimore, MD
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Kyle Deutschmann
  • Lender
  • Baltimore, MD
Replied
Quote from @Kayla Simmons:

I'm trying to guage whether I'd like to go the hard money route for my first BRRRR or save up a bit more and try to pay cash. I would be able to put about $20k toward my first purchase right now. I've read some books that highly recommend paying all cash for the first one. What's your thoughts? I'm obviously still in the research phase - not ready to buy just yet.

hard money is a great option to leverage your capital for a BRRRR. Where are you looking to buy? 
  • Kyle Deutschmann
  • [email protected]
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