All Forum Posts by: Hadar Cohen

Hello everyone!

I'm currently working on my first BRRRR deal in the Cleveland area,
focusing specifically on the neighborhoods of: Maple Heights, Garfield Heights, South Euclid.

I would love to get some help :)
I'm looking for reliable BOTS as well as contractors – whether they're GCs or specialized tradespeople.

It's really important for me to work with good, trustworthy people throughout this process,
and I'd greatly appreciate any recommendations you might have.

Thanks so much in advance
I really appreciate the support and value the community here!

Cohen Hadar

Thank you so much to all the wonderful people who responded to my question. I truly appreciate the time and knowledge you shared; your answers were incredibly helpful. I look forward to staying in touch in the near future. Again, many thanks!

Hey everyone,

My name is Hadar Cohen, and I'm a new foreign real estate investor.
I recently received a loan of $120,000 in my home country at a 6% interest rate, giving me the full amount needed to purchase a property in the U.S.

I understand that it’s common practice to finance a property by taking out an 80% loan from a hard money lender at around 11% interest. I also know that this strategy is often used to leverage available cash for multiple deals.

However, as a new investor, I've decided to focus on purchasing one property at a time and go through the learning process until I complete a refinance.
Only after receiving the funds from the bank would I consider rolling into another deal or multiple deals.

In this situation, do you think it's better to still take the 80% loan from a hard money lender, or should I use the cash I have and purchase the property outright?
If you believe I should take the loan, I would appreciate hearing why.

Thanks,
Hadar