All Forum Posts by: Eric Benzenhoefer

@Denise Gabbard and @Mark Lenox, How did your HML story end in the Clev?

Secure funding for properties with a purchase price as low as $36,000 at 70% LTV!

How?

Package multiple properties together so that the combined loan value is greater than $45,000.

This is 30 year private money available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Other general rates and loan parameters can be seen here http://www.outsourcemyfunding.com/

Contact me through BP, the website above, or [email protected] today, and we will work together to get the loan that meets your specific needs.

I will echo @David Roover, in that Hard Money (or "not so hard money" as some call it for safer projects) will probably be necessary here. I say this due to the relatively small loan size and lack of seasoning (history of performance).

Need to secure funding for the following?

• 30 year private money for a SFH rentals
• Rehab / Fix and Flip
• Temp to Perm / Buy Rehab Rent Refi (BRRR)
• Hard Money

While the general rates and loan parameters can be seen here http://www.outsourcemyfunding.com/, this is a world of tradeoffs.

Contact me through BP, the website above, or [email protected] today, and we will work together to get the loan that meets your specific needs.

Working in: Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

https://www.biggerpockets.com/forums/92/topics/144...

It drifts away from the topic, but then comes back strong

Throwing in my two sense.  Instead of paying for the RICH club, check out the monthly meeting from Jet lending to learn the basics and network. Also, network and learn here. 

For you immediate goals, here is the BP calculator to be sure that you will profit from your.  https://www.biggerpockets.com/buy-and-hold-calcula...

Will you be rehabbing the rental property before renting it?  Or are you going to look for one rent ready / turnkey / in a rentable condition from day one?

yep - https://www.biggerpockets.com/hardmoneylenders/georgia

No, I never did.  With the fee's, the deals did not make sense for me. 

Would you mind sharing the fee breakdown publicly or with a PM?

There are programs that do 65-70% LTV on the rehab and then 70-75% LTV on the refi allowing for what Jon is saying. Many BP's are calling it Buy Rehab Rent Refi Repeat or BRRR. Be sure to differentiate with the lender or loan broker that you are looking for LTV and not Loan to Cost (LTC) on the refi.

I went pro to run ads, so I cannot speak to the rest of the benefits. The BRRR is a great strategy to repeat.