I keep hearing some version of: "You have to wait 6 months after buying before you can refinance off the new value." Not necessarily. There are DSCR options where little or even no title seasoning can work and you can potentially get somewhere around 75% LTV depending on the deal/program. But her...
Hi everyone, I’m currently investing in MS using a BRRRR + Section 8/Housing Choice Voucher strategy, and I’m looking to expand into another market so I have more opportunities to find deals that actually work. Right now I’m considering Indiana and Missouri. For investors actively buying in eithe...
For investors considering DSCR financing, how do you evaluate a rental's income potential before applying? Do you start with market rent, operating expenses, debt service, or a combination of all three? What makes you confident that a rental is worth pursuing?
Everyone budgets for the mortgage, taxes, insurance, and repairs, but some expenses don't become obvious until you've owned a property for a while. Was it maintenance, vacancy, capital expenditures, property management, insurance increases, or something completely unexpected? What would you tell ...
I'm curious what other are finding most challenging with BRRRR deals right now. Is it finding properties at the right price, keeping rehab costs under control, getting the refinance numbers to work, or making sure the rental cash flow holds up? For those who have complete a few BRRRR projects, wh...
Hello, new to REI and the BP. I'm interested in starting to do BRRRR as a stepping stone to multifamily. I'm mostly looking in Cleveland, OH; Detroit, MI; or maybe in my area, Albuquerque, NM. I'm looking for distressed properties in the area (under $70k) to apply the BRRRR strategy and then rent...
This is one I think people figure out too late. You buy something for $225K. Put $75K into it. Now it's worth $400K. On paper, beautiful deal. You've created $100K in equity. Then you decide: "Maybe I'll just keep it." Now we have a completely different question. What does it rent for? Because if...
Hi everyone! I’m currently reading the book How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started, and that’s how I found this website. I moved to the U.S. almost five years ago, and I feel like I’m finally ready to start investing in real estate. My goal is to buy a prop...
I am a first time home buyer/real estate investor currently looking for a 2-4 unit property to do some light rehab, rent, and refinance and live in one of the units. I have spoken to multiple lenders, and they seem to pre approve me around 350-400k. I can put down more than 5% but this price rang...
You're in the middle of your BRRRR strategy, you've bought a property and got funding from hard money. You've rehabbed, rented the property out and you're cash flowing. Now it's time to refinance. Your hard money lender does DSCR cash out refinancing, but you also know a mortgage lender that you ...
I've been thinking about this more lately. You get a property bought and renovated, and now you have two pretty different paths: sell it and move the capital into the next deal or hold it as a rental and refinance. Obviously, the numbers matter, but it's not always as simple as just picking which...
Mortgage rates have moved back above 7%, oil prices have surged, and long-term interest rates are near levels we haven’t seen in almost 20 years. For real estate investors, this matters because the cost of capital can completely change whether a deal works. Mortgage News Daily’s national benchmar...
Hello, I am in the early stages and need to build my team before I buy. I'm also trying to learn how to analyze the deals myself rather than just relying on someone else to tell me whether a property is a good deal. I am working on understanding ARV, comps, rehab costs, rental comps, DSCR, refina...
I am from California and am interested in doing some out-of-state real estate investment. I’ve been looking around at properties in Memphis. I would like to do something like a BRRRR strategy. In order to do that I know I’m going to need a good team. I would really appreciate some tips on how to ...
I completed a BRRRR in Cincinnati last year and started a cash-out refinance this summer. The first lender's appraisal came in at $325K. For various reasons I ended up switching to a different lender with a better rate, and their appraisal came back at $253K. I disputed it through a reconsiderati...
Hi everyone, I’m currently investing in MS using a BRRRR + Section 8/Housing Choice Voucher strategy, and I’m looking to expand into another market so I have more opportunities to find deals that actually work. Right now I’m considering Indiana and Missouri. For investors actively buying in eithe...
For investors who have used gap funding/gap lending, I’d be interested to hear about your experience. When the primary lender doesn’t cover the full capital requirement, how did you handle the remaining funding gap? Did you use gap financing, private money, a JV partner, or another strategy? I’d ...
Investors with experience in the BRRRR method and fix and flips, what are the best spots in Middle Tennessee to invest in right now? I know Murfreesboro is very desirable right now but outside of that, where are you looking to buy?
For investors with equity in an investment property, what usually makes a refinance worth exploring? Is it: Accessing equity Restructuring debt Funding another property Creating liquidity Financing improvements What typically triggers the decision for you?
Hi everyone, I'm in the Westchester County, NY area but work regionally. I recently got into private lending and building a development company for rehabs and other projects. I'll looking to build a strong network of likeminded people and organizations to work on real estate ventures across the U...
Hey everyone, my name is Shaun. I’m newer to real estate investing and could really use some advice from investors with more experience. I recently purchased a property through a wholesaler in Indianapolis in the 46221 ZIP code. The property was marketed as a row house with D-3 multifamily zoning...
Does it really matter if the wholesaler you're dealing with has experience or not? I went to my first KREIA meeting last week, with the hope of meeting a wholesaler, after having a conversation with a HML who smartened me up and made me realize that most investors get their properties from wholes...
Hello, my name is Jeanette. I am a current investor I’m looking to become a hard money lender. Is $100,000 a sufficient amount? What details can anybody give me such as what to look out for, what should be in the contract, and if anybody has any leads thank you for your time. I look forward to yo...
I’m interested in purchasing an investment property in Calumet City, Illinois. The property is a 3-bedroom, 1-bathroom single-family home that appears to need only minor renovations. It is currently occupied by a Section 8 tenant, and according to the owner, the property is up to code. The owner ...
For investors who have built equity in a property, what usually makes you consider refinancing? Is it primarily: Accessing equity Restructuring existing debt Funding another investment Improving liquidity Financing improvements What usually triggers the conversation for you?