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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 hours ago on . Most recent reply

Heath D Wallace's profile image
Heath D Wallace's profile image
Heath D Wallace
  • Investor
  • from Fort Worth, TX & Bristol TN
  • Member since Aug 14, 2024
  • Posts 51
  • Votes 13
  • Experience 4 Yrs
  • Investments 2

User Stats

51
Posts
13
Votes
Heath D Wallace's profile image
Heath D Wallace's profile image
Heath D Wallace
  • Investor
  • from Fort Worth, TX & Bristol TN
  • Member since Aug 14, 2024
  • Posts 51
  • Votes 13
  • Experience 4 Yrs
  • Investments 2
Heath D Wallace
  • Investor
  • Fort Worth, TX & Bristol TN
13
Votes |
51
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Buying first duplex

Heath D Wallace
  • Investor
  • Fort Worth, TX & Bristol TN
Posted

I am using a conventional loan to buy my first duplex. I would like to eventually BRRRR this property and use a DSCR loan so that it's not on my credit report. Should I have used a hard money lender first?

One unit is vacant and the other tenant is moving in October.  The property could needs around $6k in repairs.  I want to update the kitchens & baths. I have a $43k estimate.  Buying for $255k and it appraised at $265k.

  • Heath D Wallace
    • Knoxville, Tennessee
    0 Votes
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