Question for The “BR” in BRRRR

[Kirsten Martinez]

Hello BP

I just wanted to ask the whole BP group how they get their funds for the beginning, the BR part of the BRRRR method?

The HML can provide whatever percent LTV and even 100% rehab, but where do you get your Down Payment?

Where do you pull money from to pay your Holding Costs when you are in the Rehab process?

I have a friend that does Fix and Flip (yes not BRRRR) but they use a second position PML for their "Holding Costs". Though I'm sure the funds are probably spread throughout different uses in the project.

…

I think I will post this same question in the Rehabbing and House Flipping section now that I’ve got my words out on “paper”.