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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Brynnen Beierle
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  • Roanoke, VA
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Hard/Private Money Loans

Brynnen Beierle
Pro Member
  • Roanoke, VA
Posted Nov 21 2022, 16:10

Hey everyone! I did my first deal with my own money in cash, but to scale up I obviously can't continue to do that! 90% of the homes I'm interested in are one's I'd use the BRRR method for (sometimes a fix and flip, but not as often) and I was wondering if anyone had good recommendations for private lenders? There's so many, and for me it's also a scary leap since I'm new to that option. Any tips and recommendations are greatly appreciated!

Cheers y'all!

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Taylor L.
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  • Multifamily and Self Storage Investor
  • Richmond, VA
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Taylor L.
Pro Member
  • Multifamily and Self Storage Investor
  • Richmond, VA
Replied Nov 21 2022, 16:16

Richmond has a ton of private money lenders who operate primarily on a face-to-face, relationship basis. I see you're in Roanoke, but if you can get out to the in person events here it'll be worth it.

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Brynnen Beierle
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  • Roanoke, VA
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Brynnen Beierle
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  • Roanoke, VA
Replied Nov 22 2022, 07:26

Thank you so much!

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Jack Mawer
  • Lender
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Jack Mawer
  • Lender
Replied Nov 22 2022, 08:36

Congrats on getting your first deal done! Yes cash is great but usually not feasible for scaling - there are plenty of hard money/private lenders out there - I would just be cautious of who you are interacting with and confirm they are legit before getting started - happy to connect! 

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Erik Estrada
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#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
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Erik Estrada
Lender
#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied Nov 22 2022, 14:49
Quote from @Brynnen Beierle:

Hey everyone! I did my first deal with my own money in cash, but to scale up I obviously can't continue to do that! 90% of the homes I'm interested in are one's I'd use the BRRR method for (sometimes a fix and flip, but not as often) and I was wondering if anyone had good recommendations for private lenders? There's so many, and for me it's also a scary leap since I'm new to that option. Any tips and recommendations are greatly appreciated!

Cheers y'all!


You might want to consider working with a mortgage broker that has plenty of private and hard money relationships. Besides looking to take out some of the cash you invested in this property to scale up, why are you looking for private money? Plenty of DSCR lenders and Hard Money lenders that can do this for you.

Fuente Funding Inc.  Logo

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Replied Nov 22 2022, 15:13

Hi Brynnen, I'm currently working with a hard money lender in Richmond right now. 

We already purchased the property and we are waiting the time for the Refi. If you are interested I can refer you to this gentleman.

He's old school, very professional. One stop shop. You can do everything in house with him. 

Let me know if you want to have a quick chat so I can tell you my experience.

Best

R

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Stephanie P.
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#4 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
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Stephanie P.
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#4 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
Replied Nov 22 2022, 18:53
Quote from @Brynnen Beierle:

Hey everyone! I did my first deal with my own money in cash, but to scale up I obviously can't continue to do that! 90% of the homes I'm interested in are one's I'd use the BRRR method for (sometimes a fix and flip, but not as often) and I was wondering if anyone had good recommendations for private lenders? There's so many, and for me it's also a scary leap since I'm new to that option. Any tips and recommendations are greatly appreciated!

Cheers y'all!


 If you're in Roanoke, call June Kirk.  PM me and I'll get you her number.

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John Crimmins
  • Investor
  • Richmond, VA
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John Crimmins
  • Investor
  • Richmond, VA
Replied Dec 12 2022, 15:24
Quote from @Riccardo Roggeri:

Hi Brynnen, I'm currently working with a hard money lender in Richmond right now. 

We already purchased the property and we are waiting the time for the Refi. If you are interested I can refer you to this gentleman.

He's old school, very professional. One stop shop. You can do everything in house with him. 

Let me know if you want to have a quick chat so I can tell you my experience.

Best

R


 Hey Riccardo, I'd love to get his contact if possible!