All Forum Posts by: Leonardo Gonzalez

@Josh Dillingham This is exactly what I was looking for! Concrete numbers and explanations behind the numbers, you answered my question 100%, thank you! I understand it better now.

@Victor S. 150k

@Victor S. I would refinance later on and rent out but fully flip, no. Buy and hold strategy for life lol but would I still be able to refinance if I have such little equity but I invest 15K into renovations? (150k property)

@Victor S. My mortgage lender told me 3% down at quickenloans, yea that’s the plan to live in it for some time and renovate it to later rent and refinance but I know that the majority buy the property outright with hard money or private money lenders to fix up and buy then get a conventional 30 year loan at 75% arv but this strategy requires a property basically being paid for 100% before the 30 year loan

Does the brrrr strategy work with 3% down conventional loan?