All Forum Posts by: Geoffrey Morthland

Hi guys

Curious is anyone is aware of any Oklahoma banks that offer 30 year amortization loans for LLCs? Would be for a property in Broken Bow.

thanks!

I am also considering this. I think the market will continue to grow with the casino coming to BB. I think prices for cabins are softening likely due to higher interest rates. I feel like if I can buy right it should be ok. You could always refinance when rates come back to earth. 

Hey guys,

I am just getting started and I would like to try the BRRRR approach with my first property. Since this is my first property, I'd rather not use hard money lenders and i don't have the cash to finance the whole project. I would prefer to buy the property pre-rehab with a conventional mortgage and then, once the rehab is complete, refinance again using a conventional financing.

Most of the BRRRR strategies I have seen involve cash of hard money lending for the rehab phase. My question is, will this approach still work using conventional financing during both the rehab and post-rehab phase?

Thanks in advance!