Anyone still closing BRRRRs with less than 20% in?

[Kyle O'Brien]

Curious what people are seeing in terms of leverage on BRRRR acquisitions — especially when using short-term funds before a DSCR refi. Has anyone successfully acquired, rehabbed, and refi'd a deal with less than 20% of their own cash in? Not trying to over-leverage, just exploring what's still realistic in 2025.

[Sasha Mohammed]

Mortgage broker here, I to do a ton of these loans. 10% down for rehab is totally do-able for acquisition, PLUS lender will lend up to 100% of reno. The reno part is in the form of a draw, so you would need some liquidity to get the project started, but yes, sub-20% initial capital investment is do-able. Most will cash-out refi to 75% of the new value once the project is done using DSCR lending and often can pull out their initial investment as well.