All Forum Posts by: Garrett Terrell

@Joe S. yeah that's what I read too I was confused lol I'd rather pull all my cash out or the majority of my cash out so I can get a higher ROI, not just leave it in the deal....

Can't do the last part in BRRRR if you can't recoup your initial capital and repeat the process haha

@Andrew Postell Awesome thanks so much!

@Andrew Postell I think you mis understood my post, I'm all in at 70% of the ARV + Rehab, hard money lender funds 65% for 2 points and then anything after that I have to bring to the table so I'm 5% down on this deal. I'm trying to find a refi lender at 75 or 80% LTV so I can get cash out of the deal when I refi

@AJ H. yup there is no pre payment penalty, I'm just trying to find a refi lender at 75 or 80% LTV with no seasoning period

@Matthew Irish-Jones on a refi I’m not too familiar with the difference between the two

I understand that there are tax benefits to owning real estate, however what are some items I can give to my CPA so we can lower our taxable income?

We made about 350k as a household in 2020 and I do not want to be stuck with a 75k tax bill.

My real estate business is already in an S Corp but what do you guys do with your rentals, we currently one one sfr rental, a primary and a 4 plex.

Any help is appreciated thank you!

Sounds great man will do, thank you for all this valuable info

@Scott Ashworth I'm really interested in that portfolio lender you have, I'm looking for exactly that, 0 seasoning period and 80% LTV. Do they lend in Washington?

@Scott Ashworth That’s great advice thank you so much, is a portfolio lender the same as a commercial lender?

@AJ H. Financed with hard money, how long are the seasoning periods in your experience?