Hello all- new here to posting on the forum but have been following and reading up the past few months and had a quick clarification question on private money loans and refinancing with BRRRR.I would just like to make sure I am thinking about this situation correctly.Let's say I were to buy a duplex for $80,000 that needed $20,000 in rehab that would put the ARV around $120,000 and was able to obtain a private money loan for the $100,000 at 10% interest could I then rent out one side of the duplex, move into the other side and refinance after a 12 month seasoning period?

Stuff isn't sitting on the MLS, so be prepared to move quickly. 

Staying on top of where the deals are is challenging as it can change quickly but right now I’m seeing good deals in the West and Southwest areas of Fort Worth.

I can close quick.

He has owned it for about 32 years and the offer is very attractive so he has been considering it as he had previously considered retiring within the next 3 years anyway.

Whenever I hearSee here is the thingWell actually....The management company...Can you work with me on the depositCan you make this one exception this one time .....I know I will relatively quickly be in a long “ why things are the way they are for me ” story induced coma. 

You're not a wholesaler trying to quickly get a contract signed and submitted to the title company to lock in your deal.

I am pretty busy until 4/18 but feel free to reach out and we can schedule a quick call.

I quickly realized that multifamily is a better space for me due to the econmoies of scale.  

For a large majority of investors, Real Estate is not a get rich quick scheme.