BRRRR Financing HML or Save
Hello everyone,
Not sure if this is the right place for this question but I'll give it a shot. I am looking to BRRRR my way to financial freedom. However I do not have much capital saved. My simple question is should I look for a HML or something similar or just wait and save up for a year or so ( I can save about $1300+ a week). I'm just itching to get my next (2nd) deal.
Please let me know what you think and I greatly appreciate any and all advice!
Thank you!!
Jaron
Most Popular Reply
@Jaron Smith
I wouldn’t be in too big of a rush. The benefit of getting credit repaired and being able to use conventional loans plus having true cash to buy and rehab will be a really advantageous position and might be worth the wait. You’ll have plenty of time to use hard money when you run out of conforming loan options down the road. Keep personal expenses down, you are killing it as far as income/expenses go.