Networking with Experienced BRRRers

[Chirag Shah]

Happy new year everyone!

I wanted to reach out to ask if any member in Austin, TX who has BRRRed in the past and is doing so now would be open to having coffee or lunch in the very near future (my treat). I have two rental properties, but the amount down has definitely affected my momentum in investing. I'm hoping to BRRR a property in the near future and would really appreciate some tips, best practices, etc. I've done a fair amount of research, but real-life experience tends to trump academic knowledge.

PM if interested in meeting up.

Thanks, 

Chirag

[Stephen Stokes]

Agree with @Kris Wong that [cash out] refi is the hard part. I am focused on multi-fam (duplex) and they will only go 70% LTV on cash out and requires 6 month seasoning under conventional. There are some portfolio lenders out there that will do 85% LTV on cash out refi's but there are a lot of associated costs (origination and rates are higher).