All Forum Posts by: Amaeleo Carey

I need some advice when using cash out refinancing. I intend to purchase a house through a HML. After it is Rehabbed, and Rented I would like to Refinance. I am shopping around at local banks to find out there LTV. Most bank want to know the purpose of refinancing.

Do I state that I want to repay my HML? What would be the purpose of the Refi that I would explain to the banks?

Hi, 

I would like to use the BRRRR Strategy but I am concerned as it relates to the refi. I am using a HML to purchase the property. When the bank decides to refi is it neccessary to state the reason for refi would be for debt consolation?

Thank you

thank you 

Good Night,

I have real 'The book on investing in real estate with low and no money down a few months back and I also have researched the BRRRR strategy. I am seeking some advice in regards to funding other than a conventional loan. My dilemma is that I can't seem to find any hard money or private lenders that are willing to lend in The Bahamas. I also know about the FHA and other loans which I do not think is applicable. I have seen a few deals on properties for rehab but funding the deal is the challenge. What can you recommend other than a conventional loan at this time?

It is a single family residence

Hello Everyone,

My name is Amaeleo. I am new to bigger pockets and I want to get started in real estate. I have decided on a property I am interested in buying. The bank is willing to lend funds to acquire the property however I will still need financing to build on it. What advice can you give in this scenario?