BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago on . Most recent reply
Personal loan for rehab
I am ramping up the real estate investing and I was considering the idea of taking out a personal loan to do the rehabs on my properties then refi after. My wife and I are good at negotiating owner financing on a ballon so we would not have to finance the whole house, just the rehab.
What do you guys think?
Thanks,
Daniel
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Daniel Fisher wow, that sounds like a really great deal to find! Congrats! And I certainly don't mind you taking out a personal loan. A private person might be able to provide you with some funds as well just to make a different suggestion. Refinance and pay it all back. Great to see this type of a story in this market. Thanks for posting!