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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
6
Votes
Willy A German
  • Rental Property Investor
  • New York
6
Votes |
20
Posts

Buy and rehab my first home using a hard money lender

Willy A German
  • Rental Property Investor
  • New York
Posted

Should I find a distress small multi and buy it using hard money lender? Then use the BRRRR Strategy, & refinance with a conventional bank. Am I eligible to get the benefit of a first time Home buyer?

  • Willy A German
  • Most Popular Reply

    User Stats

    2,436
    Posts
    1,396
    Votes
    Jason Wray
    • Banker
    • Nationwide
    1,396
    Votes |
    2,436
    Posts
    Jason Wray
    • Banker
    • Nationwide
    Replied

    Willy,

    If you have verifiable income from a W2 job or income from self employed you should avoid hard money and use FHA or conventional lending.

  • Jason Wray
  • [email protected]
  • 727-637-4289
  • Loading replies...