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 over 5 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Julian Hendrix
  • Rental Property Investor
  • Greensburg, PA
2
Votes |
13
Posts

How did you get to 50 units

Julian Hendrix
  • Rental Property Investor
  • Greensburg, PA
Posted

Is there must be something that I am missing, but from what I read you can only hold 4 or so refi building at a time so how do I use the BRRRR method to get to 50 units?

Most Popular Reply

User Stats

2,546
Posts
4,316
Votes
Jill F.
  • Investor
  • Akron, OH
4,316
Votes |
2,546
Posts
Jill F.
  • Investor
  • Akron, OH
Replied

When my latest deal closes, I will have 49 doors (with 6 mortgages). For bigger properties or groups of properties you can use commercial financing-- you have to put more down (usually 25%), the interest rates are higher (by about 1-2%), and terms are shorter (20 years is common). Once you have 12 or so units purchased with residential financing it will only take a few years in a stable (slowly appreciating market) (probably 2-5) to pay down the mortgages sufficiently to cross collaterazlize of cash out refi those units for another group of units. It is my understanding that a married couple can buy up to 20 four units with residential financing-- but I'm no expert, that path is not open to us because we don't have w-2 income.

Oh wait if I count my own house I will have 50 doors. yay.

Loading replies...