All Forum Posts by: Alex Morales
Alex Morales has started 1 posts and replied 2 times.
Post: Using the BRRRR Method with no money down.
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Quote from @Stephen Dispensa:
I think it highly unlikely you'll find a private lender willing to lend you purchase and rehab money without you putting anything down.
If you don't have the cash to come out of pocket, I recommend finding a partner who does and team up with them on some early deals to build up your capital.
Thanks for your response. I was thinking of a getting a hard Mo ey loan for down payment and rehab cost. And financing the rest. This property will be a long term STR hold. The STR averages i this highly visited tourist area is an Average nightly stay of $300 and an average occupancy rate of 79%.
The Zillow price of the property is $263k. I’m looking to a full renovation of a cost in the $100k range.
Will it be possible to do this with no skin in the game? If I had to get a partner to invest I will but if I can do it alone w/o no money down, I would prefer that
Post: Using the BRRRR Method with no money down.
- Posts 2
- Votes 0
Hello everyone, this is a newbie question from a new investor trying to get his feet wet in this method. I wanted opinions on wether it is advisable to use the BRRRR method with no money down out of pocket? Has anyone done this before? What should the numbers look like for this example?
I was looking for private lending for the purchase and rehab and then refinancing to pull money out to repeat.
Any examples, opinions or numbers ?
Thank you.