How to Finance Cheap Properties [Using the BRRRR Method and DSCR loans]

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

Timestamps
[00:22] Go to investorfinancingpodcast.com/ask to ask other questions
[01:29] Getting small deals funded with hard money or national funds is very difficult
[01:40] Using Other People’s Money or OPM
[02:48] Know the annual taxes, annual insurance and HOA to calculate the DSCR
[03:19] Fix the property and be rent ready to get a DSCR loan
[03:41] Reason why acquiring the property is a tricky part
[03:49] Look for a local hard money fund that does the smaller deals in your area
[04:06] Go to Real Estate Investor (REI) meetings
[04:55] Book a call at http://bookwithbeau.com/

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

💥 Thanks for watching 💥
#brrrr #brrrrmethod #brrrrstrategy

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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