All Forum Posts by: David Harley

@Brandon Turner, I'd like you to pull back the curtains and do a severe deep dive into the 4 homes you bought for your daughter in Washington. Every little detail from finding it, to the rehab procedures and acquiring the GC, the financing and refi and where it stands currently from each one's rent to any obstacles you have while owning it today. 

Thank you

Hey ya'll, 

It seems to me a least, that during the podcasts and webinars though some sections are "Deep Dives" and at some points of the webinars while going over the refi portion of BRRRR strategies, we don't really hear a super in depth analysis or the restrictions of the multitude of ways to refinance or better yet (Cash-Out refi.)???

As most of the buy and hold investors on here I am sure, my wheelhouse for investing in certain markets is this:

distressed Single family 3/1 minimum - between $25K-$45K with need for $15-20K in rehab and an estimated ARV to be between $75-$110K. Goal to put 20% down on the home, spend on rehab with remaining cash available, re-rent then refi.

The issue I am having, and trust when I say I have called around in my target market. Have begin to set up my "Core 4." Interviewed the necessary people to set up my team. And have done my research due diligence

I have learned that as of 2010 - there can be NO conventional loan given on anything less than $100K on a single family, better yet, especially on something as low as $25-$45K - True or not??

Also, a cash-out refinance is not available for any property's ARV under $100K - True or not??

Of course I can call around and see how flexible the small local CU's and community banks are for these specific loans (Which is what I am tasking these past few days). But someone please enlighten me on all of the options please !? 

I'm not breaking any kind of mold here and or creating any new idea, I've seen plenty of blogs and success stories on this. I would simply like to be able to post on BP in the next thirty days with my own success story, or at-least about my first successful investment property offer. 

I am under the hammer of @BrandonTurner 's 90 day challenge !!!!! 

Hey Hey BPerz - 

I am in the process of creating my "Core 4" in three separate markets. I will be "Interviewing" potential property management companies in each of these out of state markets. If anyone has a list of interview questions beyod: Fees? Rents? Vacancies etc. Please feel free to chime in, I would more than love to hear what you all have to say and thoughts on this process. Thank you

Looking for a little insight on this deal in the Columbus OH area. Maybe I am missing something or utilizing the calculator improperly? All help is appreciated View report

*This link comes directly from our calculators, based on information input by the member who posted.

How much research has to be placed into finding the right banks that will in fact refinance up to 75% LTV or is this a quite common offer Nationwide?

What is/are the best tools to analyze the future potential value of a property after Buying, rehabbing to get the closest proximation to the final value the bank will lend upon? I have used most of the calculators here on bigger pockets but other than just guessing and searching "similar" homes in potential markets, is there not a more sound approach?

Thank you @JoshMitchell  

I too would appreciate a more in-depth exploration to this strategy which is part of BPs top method within the BRRRR Strategy. Thank You

Yes Matt, additional photos and info please. Thank You

can you send me the address?

Whatever I get I will plan on having tenant pay water and gas, $812 is the average of the current tenants total. Roof is original (Shingle) $4k is as I expect to have to put in about $1k each unit in some shape as carpet, paint etc? 

Thanks Heath

View report

*This link comes directly from our calculators, based on information input by the member who posted.