All Forum Posts by: Glenn I. Barlow

@Ari Stern thanks for the post and advice. I’m thinking that when I do the refi loan, I will pay down so that I don’t have to get hit with a penalty after one year so that will be the way around that I hope

@Jack Mawer thanks for the advice. I am leaning towards going for it.

@Malcomb Stapel I hear you loud and clear. Its like the penny has not yet dropped with many Sellers!

@Percy N. thanks for your reply. Yes, the market where I am is very strong for rentals. Weve been seeing pricing going up and (I can only speak for my portfolio) have had zero delinquency so far.

@Eliott Elias where are you seeing these deals (I am looking for value add)

@Jon Kelly I did have another 24 unit deal i was looking at but I am fearful its going to stop me at that point because with interest rates as they are, After rehab, I may not have enough equity to DSCR out an additional three or $400,000 for the deal after that one, and it may make me sit and wait for things to cool down (rates) and i hate to take my foot off the gas

@Jay Hurst I have a year so not until next July. I also have the option of paying a 1% externaion for an additional year if needed.

@Malcomb Stapel I am at IO for 10 yr before the Principal kicks in. My plan is to get to 150 total units and then sell the entire package at a premium cap rate in about a year to eighteen months time. Does that affect your thinking?

@Malcomb Stapel yes it is.

Looking to get the BP fam opinion on this….

I currently am finishing up rehabbing 24 units and can refi out about $300k (now smaller due to rates),- since its a non agency loan, it would be at 9.5% fixed rate IO (insert face slap emoji here).

Right now I am on a fix and flip loan and its cashflowing no problem.

Should I stay, keep paying and wait for rates to cool off, or leverage up, keep my foot on the gas and try and keep buying more?

Would appreciate the input.