All Forum Posts by: David Ojo

Hello Micah!

I've utilized credit cards for cash for a couple BRRR deals.

I didn't liquidate through bank transfer though. I used a credit liquidation company. 
I used business credit cards so there was no effect on my personal credit.

At the time, I believe I liquidated around $30k across 3 cards (Amex, Chase)...but I believe $50k is doable as well.

As for considerations I would say just ensure that whatever you're using the funds for will generate a return within a considerable amount of time in order to pay back the card.

Happy to connect if you have any more questions. All the best!

Culled from an article online, this should provide some insights into the whole situation:

"

Rumor has it that there was some kind of a bankruptcy/default event associated with an LLC, or group of LLCs, associated with the same group of investors. This group of investors was “involved with” hundreds of investment properties in Baltimore City and in the surrounding area. These were DSCR loans, business purpose loans, not agency investment properties.

One wrote, “Evidently the LLC/group of investors went under, and Apollo started digging into it.” It turns out there was some kind of appraisal fraud going on where property values were overstated. The rumor is that they were ordering the appraisals through an AMC, but they were flagging these properties by offering to pay $444 for the appraisal. Apparently the appraisers would see the $444 and know they needed to pad the value.

“There is apparently an investigation going on right now. An Apollo-backed entity discovered some appraisal fraud in DSCR properties in Baltimore city. As a result, some investors have suspended lending in the city, at least for investment properties, until they get visibility.” DSCR lenders are a fairly small community, and they talk to each other, so a number of them have been circulating a list of appraisers they won't accept, individuals they won't lend to, as well as the associated entities. Portfolios are, no doubt, being examined to see if they have exposure, and in the interim, the path of least resistance is to cross off Baltimore (and a couple other areas) for a while."

https://www.chrismancommentary.com/post/july-2-2025-mortgage-daily-commentary?

Try getting a quote from Obie insurance

Hey Kerry! Where is the market and what is the loan amount? I think Kiavi has a wide range of products that may accommodate your needs.

Hi @Weston Rutkowski, have you considered using hard money and business credit, that's what I use for my BRRRR projects.

 No problem. Messaged you.

Hi there!

I’m originally from West Africa (Nigeria), so I was immediately curious, may I ask which country you’re investing in?

One key factor I’d strongly consider especially in Nigeria is the level of local relationships and connections you have on the ground. For high-value, long-term investments like this, success often depends on navigating the regulatory landscape and local politics, which can be complex. In many cases, knowing “someone who knows someone” isn’t just helpful, it’s critical to avoid bureaucratic delays and unexpected roadblocks.

The Landmark Group had its popular Landmark Beach property in Lagos demolished by the government with little notice due to a highway right-of-way issue. This happened after they had been operating there for 18 years.

That said, your project sounds promising on paper, but I’d recommend evaluating the political and regulatory risks just as closely as the financials. Best of luck!

Hey @Suraj Apoorva

I am also a BRRR investor in Baltimore and I have an agent I can refer you to. He used to be a contractor so he knows the things to look out for when looking at properties. He really knows his stuff.

 Hey @Zach Howard, to provide an accurate breakdown, one will need a bit more information....for starters, what is the acquisition cost for the property and the estimated rehab cost?

Hello@Jeffrey Fullard!

Congratulations on your new property. I'm a REI in the Baltimore area as well.

You can reach out to this contractor, he's licensed and does great work for a great price.

Skillful LLC

Francisco: +1 (443) 326-0644