All Forum Posts by: Arijit De

Yup @George Despotopoulos. My enquiries with couple of lenders have yielded me same info. Guess the pandemic situation have led to many restrictions from lenders.

The whole theory about BRRRR depends on this LTV value. Do You think I should wait or just go ahead with whatever I get?

Thanks @Dan M. and @Steve Morris

I believe I will pay off the 401K by getting a separate mortgage. The interest rate is higher for the mortgage but I guess freeing up the 401K money is good suggestion.

Wondering if it makes sense to keep the 401K loan that helped purchase a property in cash OR should I refinance the property with cash out? The term of 401K loan is only 5 years resulting in larger payment every month but the interest is what gets paid to myself. On the contrary, refi with cash out will have the interest get paid to the lender but will reopen ways to close my current 401K loan.

Thoughts?

Thanks @Shaun Weekes Appreciate the details on this one. I was actually trying the BRRRR approach on this multifamily - sounds like its more difficult than SFR.

Are there other folks who have any experience in this area - I'm sure many of the BP folks may have done BRRRR with MultiFamily for sure.

I joined BP just yesterday after the webinar - I have been reading posts and articles in this website but yesterday's webinar convinced me to join the Pro membership. Thanks for all that you guys do - its really awesome to be part of BP community.

I have 2 duplex properties in Indiana. I purchased them in cash and added new appliances, repairs, etc. Both the units in both duplexes are currently rented. While trying to find lender to refinance those properties, I'm struggling find those who would allow 75-80% LTV on the properties to be cashed out. Are there any pointers or lenders that BP folks have good experiences with?