What's going on everyone! I wanted to know if anyone in the Charlotte and surrounding areas have had any luck with the BRRR strategy and if so, what bank or lenders did you use for the cash-out/refi?
Same question here but in Michigan! @Jordan Gay did you find one? If so, are they national?
Try Chemical Bank @Ellen Morrison. I talked to them after a guy I sold a wholesale deal did a Brrr through them they said they would do 70% right away. the houses were located in Warren his loan was only $20.000.
@Jordan Gay Listen to the comments here but also hit the streets! Just go into banks and meet with multiple bankers. You never know what banks are hungry for loans in the investment area. I would meet with at least one per week. Have them in your pocket for the future and the present.
Thank you @Jeffrey Shipp - sounds perfect, I will check them out!
@Ellen Morrison Emil Izrailov at Lake Michigan CU does a lot of work with investors. Apparently I can't post a phone number here (not helpful, BP) so feel free to pm me if you want his contact info.
@Emily B. sweet thanks! sending you a message now