All Forum Posts by: Brandon Croucier

Odds are you aren't going to hold the loan to term.

In all honesty, you will probably be able to refi down below 6 for free in the next 18 months.

We haven't seen rates this high since 07', In my opinion I think we see the money printers turn on & rates lowered in the coming years.

Buy the property with seller finance & finish it up.

Tahoe is a great short rental area

Opportunity cost is a serious expense, if they are moving slow, they are COSTING you more money than what a hard money lender might able to make you. In Real Estate, TIME IS MONEY.

Getting a rehab loan done quickly is worth paying an extra few points in order to be efficient as you will be able to expand your BRR business which would yield results greater than the increased cost of capital that hard money brings.

In order to escape a scarcity mindset you need to understand that money is in theory unlimited, they print it.

But can you print time? Nope. 

Time is your most scarce resource.

Just take out $60,000 from the property, reduce your cashflow & ultimately pay WAY less in interest.

A Cashout Refinance is sitting around 7% while Credit Card debt is sitting above 20% on average.

I know far too many people who regret selling real estate looking back 20 years, but I've yet to come across one who regrets keeping it.

What kind of refinance are you doing?

If you are going to get a DSCR loan, you cannot live in the home, end of story.

There's plenty of qualified LO's around here who's job it is to find the best product for you.

Call up a good CPA & they will help you out

It is in your best interest to find a local real estate attorney & have them draft up a note & deed of trust.

If you are going to need it in a year, a Private Money Note is your best bet ;)