308: Rookie Reply: Don’t Chase Cash Flow! Use THIS Metric to Analyze Your Deals
Real Estate Rookie
00:00
How to Use a Line of Credit for Investment Property Purchases
The BIR strategy is typically recommended to buy with some kind of short term funding. If you can cover the line of credit payment with your cash flow or if you can go and refinance within a short period of time, which I would say would be 12 to 18 months at the most for doing the refinance process. But it really just been like, how long can you carry on that payment? And if it makes sense to you that like you want to pay that out of pocket, factor that into your number still.
Transcript
Play full episode
