How to Finance Cheap Properties [Using the BRRRR Method]
I have a question regarding DSCR loans for a long-term rental with the intention to use the BRRRR method. Given the example of a $40,000 house with a total rehab cost around $35,000, ARV around 90-100k with a 680+ credit score and 20% down, would I qualify for a DSCR loan if the monthly rent would be around $1,300?
In short, what you're looking for is a house flip type property to Buy, Rehab, Rent out, then Refinance. If all goes well, you Repeat the process.
Learn more about the BRRRR Method here - https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/basics/brrrr-method/
Thank you for your time.
Shatie
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