All Forum Posts by: Brandon Croucier

I'll come check this one out! See you then

Hi Corey,

First of all, congrats on the success.

I do think it is in your best interest to leverage these properties right now, with rates dropping we will see more demand in the market in 2025-2026.

You have a few options on something like this.

You can do a blanket loan and cash out on the entire portfolio, you'd save a little bit on fees here and there; or you can do individual cash out refinances.

I strongly recommend doing them individually if you can. (We need solid property values)

Doing them individually gives you the flexibility of refinancing one or selling one at a time without major delays or penalties.

Just keep the properties in your name for now and close the loan in entities name, no point in spending the time and money prior.

I hope this provided some clarification for you :)

Hi Fergus,

If you can handle the workload thats going to come with building the two duplex's, I say go for it.

If your going to be biting off more than you can chew, liquidate.

It really depends on your risk tolerance at this point.

The construction loan is a doable deal as long as you have solid credit, have experience /hire a builder.

If you've got the cash, use the cash.

No reason to leverage 100%, your most likely going to be chucking out more money than whats coming in.

Its doable typically but make sure you do permitted work, otherwise you'll be stuck with hard money loans for eternity haha

It really just depends on the lender, 

Most are going to make you pay it.

It needs to be addressed

Hi Krishnarine, 

Welcome Back!

Bigger Pockets is filled with lenders that could help you out!

Are you strictly looking for short term debt or long term debt?

Hey Chantel,

There are products that cater to lower loan amounts on commercial!

What kind of credit score do you have?

Honestly, In the grand scheme of things, either option is going to be fine.

If your goal is # of doors, then use the lever, if your goal is increased cashflow in retirement make the extra payment I'd say.

If you really want to make more payments, make biweekly payments of half your monthly mortgage ;)

You wont feel it as much.

Honestly, big banks have terrible rates on mortgage.

Work with a broker, they are your best bet; pricing beats big banks 9 times out of 10.