All Forum Posts by: Bryan Johnson

I paid cash for the house and the rehab. In true BRRRR fashion, I'm counting on the forced appreciation to pay off after I complete a cash-out refinance.

Thanks!

Thanks, Stephen. I actually just received the appraisal report. It came back at $55,000, which is a little lower than I had hoped. I'm going to provide my comps to the appraiser and make an argument for an increased appraised value. Lesson learned --- I probably should have done this before the appraisal occurred!

@Chris Youssi

Thanks, Chris! Would appreciate the opportunity to connect and discuss your business given location.

@Derrick Burtle

Thanks!

@Matt Everling

Frankly I do not know why the lender is not requiring a 6 month seasoning period. Likely because it’s a small local bank with whom I have had a lifetime relationship (and have borrowed successfully on other investments with this bank).

No. Lender is not requiring any seasoning period.

@Rich Hupper

Price to rents are really solid, but I don’t have near the potential for appreciation like I suspect you do...

@Jaron Walling

Thanks! This property is located in Rockford, IL.

@Andrew Syrios

Thanks, Andrew! I actually have a number of contacts in the KC area and am looking to build some deal flow there.