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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Antoinette De la Espriella
Pro Member
  • Realtor
  • Long Beach, CA
2
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17
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Brrrbnb - near Phoenix AZ - advice on financing

Antoinette De la Espriella
Pro Member
  • Realtor
  • Long Beach, CA
Posted Feb 25 2021, 08:10

I am a new investor looking in the following areas: Tempe, Scottsdale, Mesa, chandler AZ

My goal is to purchase a second property, Airbnb the property and Using BRRR.

Budget is 150k : condo or SFH (my budget doesn't give me many options)

Questions:

How can I increase my budget without as much cash? What types of loans can I use to my advantage?

I have 26k cash to bring to the table for DP & closing (this number is growing as I save), but I was trying to get a large enough loan to finance the rehab (ideally cosmetic only)

Thanks in advance!

Also I live in Long Beach California, I have a team in AZ assisting me, but looking for more advice and experience.

If anyone needs any help in the so cal area I am here for you.

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