All Forum Posts by: Elijah Primachenko

I’m in the Portland area and would love to go as well. How do I stay connected? My number is 5035159312  

Thank you for the response, I have been following biggerpockets and soaking in the information. right now one of my biggest concerns is refinancing out and having my rent cover my mortgage, just seems like that does not happen.

For example house is worth $600K, 80% is $480K - on $480K i would owe a total of $2,800 in rent/insurance/tax. Homes don't rent for that much in my area (Portland, Oregon) maybe I'm missing something here...

Hello everyone, I am excited for 2021 and glad to be part of this community! :)

I have been a real estate broker for 7 years but never got into rentals. I would like to use the BRRR strategy, ANY INFO HELPS.

My goal is to buy, fix, refinance and not have any money in the property at the end, meaning the bank returns everything put into the project. I have a strong relationship with private money lending as I am a home builder here locally. Building takes about 8-10months from purchase of land to completion therefor I would rather resell then keep. 
Since Ive already focused on purchasing land projects, I am familiar with the hustle involved in finding the deal. I just need direction to what kind of properties I should be looking out for. To fix and refinance out.

Also any information on loan programs helps, as far as I know I can only refinance 80% of the appraised value therefor the whole flip should cost me 80% or less.

Any advise help!