BRRRR Seasoning Period Question
I am currently doing the math on my first BRRRR that is looking like it has real potential. During the seasoning period, through hard money financial and higher interest rates, it looks like I might be operating at a 1% loss for the 6-12 months while I wait to refinance. While I might be making some incorrect assumptions, I feel like I am fairly close. Is this situation typical? Or is this deal not as great as I thought?
Cheers!
Phillip