All Forum Posts by: Chris Seveney

 I am never ccd on email offers that our agent makes.

 they can evict without their name and information - you evict in name of unknown tenants - we do this on every occupied property that we must evict after a property is taken back at foreclosure. 

First off—congrats on getting to the finish line with your first BRRRR. That's a huge milestone, especially if you managed the rehab and leveraged a HELOC efficiently.

As for your next move: trying to acquire a future primary residence while you're still in the middle of refinancing can be tricky—but there are some paths worth exploring, if structured carefully and conservatively.

Here are a few creative, but grounded, ideas for the down payment:

1. Cross-collateralization (or a blanket loan):

If the equity in your BRRRR is strong post-refi, some portfolio lenders may allow you to use that equity as security toward the down payment on the new property—without needing to actually pull cash out.

2. Seller financing:

Not always available, but if the seller owns the home free and clear or is open to flexible terms, you could negotiate a small upfront payment and structure the rest as an interest-only note for a year or two. This buys you time to build equity elsewhere or increase reserves.

3. Private money/partnership equity:

If the new property is a solid long-term play, consider bringing in a partner for the initial down payment—especially if they’re looking for stable, passive exposure and you’re managing the asset. Offer a fixed return or equity share upon refi or sale.

4. Delay and build liquidity:

Sometimes the best move is not to stretch too thin. After you refinance and stabilize your BRRRR, use that cash flow and freed-up HELOC to position yourself stronger for the next opportunity. Deals will always come—but staying liquid gives you negotiating power.

Not a big fan of the "Creative push" out there right now as anything “creative” should still pencil out conservatively which is not being taught. Don't let the excitement of opportunity outpace your margin of safety.

I couldn’t agree more with this perspective.

There’s a dangerous rise in “zero-down” real estate advice that glosses over the very real risks involved. Strategies like using business credit cards for a down payment might work on paper, but they hinge on flawless execution in an imperfect world. One delay, one appraisal shortfall, one shift in interest rates—and you're looking at high-interest debt with no exit.

That’s not a business plan—it’s a gamble.

The most successful real estate investors I know built their portfolios gradually, anchored in sound underwriting, cash flow, and reserves—not hype or shortcuts. Whether you’re investing in a single-family rental or a multi-unit development, the fundamentals matter:

Buy right --- Finance conservatively --- Maintain your asset --- Think long-term

If you don’t have the capital today, that’s not a reason to rush into a high-risk strategy. Start where you are. Partner up. Learn from experienced operators. Even owning a few well-positioned properties over time can transform your financial future.

Real estate can absolutely build wealth—but only when it’s approached with patience and discipline, not promises of overnight success.

Great question — and an ambitious goal.

The truth is, there’s no one-size-fits-all playbook for ground-up multifamily development. Every deal is its own ecosystem of zoning, financing, local politics, soil conditions, and economic timing. Books and courses can give you helpful frameworks (like feasibility studies, permitting timelines, or construction draw schedules), but no book will fully prepare you for your first project.

If you're serious about doing a 10-unit development, I’d recommend finding a way to partner with or shadow someone who's done it before. Whether that’s co-GC’ing a build, investing as an LP in a small development, or offering value in exchange for proximity — firsthand exposure will teach you more in 6 months than reading will in 2 years.

Also, vet your consultants early — land use attorneys, civil engineers, and architects can save you from expensive mistakes before you even close on land.

Has any of their offerings ever made money for their investors?

 My guess is there is a title issue and they cannot convey clean title, if you want to take that risk you could but if you are getting a lender they will not sign off and provide title insurance = no loan. Also sounds like could be issues on who owns what lot and if they cannot sell you both lots as one maybe owned by someone else that could come into play as well.

Lots of unknowns.

 if you are going to sell it, its best to come clean and figure it out as if you have to note it as a disclosure or it comes up during inspection it would kill the deal and then stuck in selling at a discount. I would have an architect draw up as-built plans and have an engineer and contractor review it, then go to the city with that information. It could require to be torn down if it does not meet setbacks or zoning - and at that point does not matter how well its built they could require it be removed.

DSCR lenders typically will not allow financing behind them either - what I am getting at is you noted you want DSCR loan - you most likely wont get one and owuld need a private investor to fund the entire deal - which probably will kill the financials on the deal if you are borrowing 90% as a private lender will be a lot more than a DSCR loan