Building Wealth with BRRRR Why Your Lender Matters A lender who understands the BRRRR method can help you navigate the process wit better loan terms, and achieve your goals more quickly.
FUNDING: BRRRR
[Funding_Hillestad_0524]
SPONSORED CONTENT Building Wealth with BRRRR: Why Your Lender Matters A lender who understands the BRRRR method can help you navigate the process with more confidence, potentially secure better loan terms, and achieve your goals more quickly. By Elizabeth Hillestad
The Refin inve a str It inv reha rent then inve This and For i part BRR exec to su spec thro
Building Wealth with BRRRR: Why Your Lender Matters A LENDER WHO UNDERSTANDS THE BRRRR METHOD CAN HELP YOU NAVIGATE THE PROCESS WITH MORE CONFIDENCE, POTENTIALLY SECURE BETTER LOAN TERMS, AND ACHIEVE YOUR GOALS MORE QUICKLY. By Elizabeth Hillestad
The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) is a popular real estate investment strategy that allows you to build a strong portfolio over time. It involves buying undervalued properties, rehabbing them to increase their value, renting them out for steady income, and then refinancing them to recoup your initial
CV3
BUY: Securing Your Property The first step is finding a property where you can boost the value through renovations. a lender that can provide you with short-term bridge financing. It’s not easy, but when move fast. So, do your research now because having a lender that can close quickly is REHAB: Transforming the Property Here’s where you focus on renovations that enhance the property’s value. Find a lende financing—a perk that will allow you to stay liquid through the renovation process. RENT: Finding Qualified Tenants will allow you to refinance based on the property’s future rental income potential, even if it’s currently vacant. This eliminates a potential hurdle and speeds up the process. investment and potentially some profit. This frees up capital to repeat the process and expand your holdings. For investors, having a reliable capital partner that is well-versed in the BRRRR strategy can provide a seamless execution from beginning to end. Here’s how to supercharge your BRRRR with a specialized lender and what to consider through each stage of the process: Now that your property is rental-ready, it’s time to find tenants. Consider finding a len allow you to refinance based on the property’s future rental income potential, even if it potential hurdle and speeds up the process. REFINANCE: Recycle Your Cash Refinance is the most important “R” of the process. Once you’ve completed the rehab, appreciated value by taking advantage of a cash-out refinance. To put your money ba with no seasoning requirements so you can refinance as soon as the rehab is comple REPEAT: Scaling Your Portfolio REFINANCE: RECYCLE YOUR CASH Refinance is the most important “R” of the process. Once you’ve completed the rehab, it’s time to access the property’s appreciated value by taking advantage of a cash-out refinance. To put your money back to work quickly, find a lender with no seasoning requirements so you can refinance as soon as the rehab is complete. The goal with the BRRRR method is to be able to recycle your capital quickly to acquir refi to buy another property and repeat the process. Build a relationship with a lend loans for a smooth process throughout your entire journey. By partnering with a lender who understands the BRRRR method, you can navigate potentially secure better loan terms, and ultimately achieve your real estate investme FINANCING BUILT FOR REAL ESTATE INVESTORS ™ ©2024 CV3 Financial Services, LLC. All Rights Reserved. This is not a commitment to lend. All offers of c apply. CV3 Financial Services, LLC reserves the right to amend rates and guidelines. NMLS ID #2478 California Finance Lenders Law License 60DBO- 183355. AZ Mortgage Banker License #1047792, FL M #MN-MO-2478266, OR Mortgage License #2478266, UT Mortgage Entity License #13576219. REPEAT: SCALE YOUR PORTFOLIO The goal with the BRRRR method is to be able to recycle your capital quickly to acquire another property. Use your cash-out refi to buy another property and repeat the process. Build a relationship with a lender that offers bridge, rehab, and DSCR loans for a smooth process throughout your entire journey. By partnering with a lender who understands the BRRRR method, you can navigate the process with more confidence, A well-capitalized restart of the most successful private lender in the industry, CV investors to provide financing solutions for non-owner-occupied properties. CV3 solutions for bridge, fix and flip rehab loans, and adjustable and fixed rate rental pr financial strength with its commitment to elevating your customer experience, CV speed, leverage, and consistency. To learn more, visit CV3financial.com/think-real RENT: FIND QUALIFIED TENANTS Now that your property is rental-ready, it’s time to find tenants. Consider finding a lender that offers 1007 appraisals. These
T he BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) is a popular real estate investment strategy that allows you to build a strong portfolio over time. It involves buying undervalued properties, rehabbing them to increase their value, renting them out for steady income, and then refinancing them to recoup your initial investment and potentially some profit. This frees up capital to repeat the process and expand your holdings.
For investors, having a reliable capital partner that is well-versed in the BRRRR strategy can provide a seamless execution from beginning to end. Here’s how to supercharge your BRRRR with a specialized lender and what to consider through each stage of the process. BUY: Securing Your Property The first step is finding a property where you can boost the value through renovations. For a smooth acquisition, you’ll need a lender that can provide you with short-term bridge financing. It’s not easy, but when you find a good deal, you need to move fast. So, do your research now because having a lender that can close quickly is key. REHAB: Transforming the Property Here’s where you focus on renovations that enhance the property’s value. Find a lender that offers up to 100% rehab financing—a perk that will allow you to stay liquid through the renovation process. RENT: Finding Qualified Tenants Now that your property is rental-ready, it’s time to find tenants. Consider finding a lender that offers 1007 appraisals. These will allow you to refinance based on the property’s future rental income potential, even if it’s currently vacant. This eliminates a potential hurdle and speeds up the process. REFINANCE: Recycle Your Cash Refinance is the most important “R” of the process. Once you’ve completed the rehab, it’s time to access the property’s appreciated value by taking advantage of a cash-out refinance. To put your money back to work quickly, find a lender with no seasoning requirements so you can refinance as soon as the rehab is complete. REPEAT: Scaling Your Portfolio potentially secure better loan terms, and ultimately achieve your real estate investment goals faster. • The goal with the BRRRR method is to be able to recycle your capital quickly to acquire another property. Use your cash-out refi to buy another property and repeat the process. Build a relationship with a lender that offers bridge, rehab, and DSCR loans for a smooth process throughout your entire journey. By partnering with a lender who understands the BRRRR method, you can navigate the process with more confidence, potentially secure better loan terms, and ultimately achieve your real estate investment goals faster. A well-capitalized restart of the most successful private lender in the industry, CV3 Financial Services was built by and for real estate investors to provide financing solutions for non-owner-occupied properties. CV3 delivers direct answers, quick closings, and flexible solutions for bridge, fix and flip rehab loans, and adjustable and fixed rate rental property financing. By combining its diversified financial strength with its commitment to elevating your customer experience, CV3 is a capital partner you can count on to deliver speed, leverage, and consistency. To learn more, visit CV3financial.com/think-realty or call (844) 721-3733. www.CV3financial.com/think-realty ©2024 CV3 Financial Services, LLC. All Rights Reserved. This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. CV3 Financial Services, LLC reserves the right to amend rates and guidelines. NMLS ID #2478266. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO- 183355. AZ Mortgage Banker License #1047792, FL Mortgage Banker License #MLD2457, MN license #MN-MO-2478266, OR Mortgage License #2478266, UT Mortgage Entity License #13576219. BUY: SECURE YOUR PROPERTY The first step is finding a property in which you can boost the value through renovations. For a smooth acquisition, you’ll need a lender that can provide you with short-term bridge financing. It’s not easy, but when you find a good deal, you need to move fast. So, do your research now because having a lender that can close quickly is key. REHAB: TRANSFORM THE PROPERTY Here’s where you focus on renovations that enhance the property’s value. Find a lender that offers up to 100% rehab financing—a perk that will allow you to stay liquid through the renovation process. FINANCING BUILT FOR REAL ESTATE INVESTORS ™
38 | think realty magazine :: may - june 2024
Made with FlippingBook Online newsletter