All Forum Posts by: JayCinta Henry

That's very impressive. I am looking to learn more about this type of buying as every now and then I will see a deal crafted in very creative that it's noticeable as it is unique. My ultimate goal is carry that knowledge over into MFR acquisitions. In other words I am looking forward to a class or what you will put forward. Again congratulations on that deal!

Interested in this meet up as well, or anything nearer to Mesquite area.

 Will do thank you

Looking to get qualified by hard and private money lenders, for Texas BRRRR projects.

I would appreciate any and all leads.

Got these rates from better.com. In consideration for SFR purchase, about $250k, as a primary with 5%, house hack for one year and then rent out. Goal is to cashflow and future equity.

1-Which rate makes sense? 

2-What factors do you take into consideration in order to make a decision that's makes sense in selecting a rate?

I am looking into PNC Heloc. Does anyone have any experience, reservations, tips....?

Thank you for great insights.

I saw the property yesterday. Am about to chat worth the listing agent a lil'later. what other ways can i structure a strong offer?

I have been approved by a lender that allows you make a cash offer on a house then pivot that transaction into a regular mortgage. The strategy is to allow individuals to be competitive against cash buyers. Just this week they changed their policy to require 10% down for this program. That's out of my goals scope. Does anyone know of similar programs but that work in the normal 5% down for owner occupied properties?

Actually that's the crux of my dilema-let me clarify if I wasn't succinct in OP. My initial intention was to buy the house as a primary, fix as I occupuy/house hack it for one year. But due to the probate situation, I am considering to pivot the purchase as an investment property and brrrr it when probate is complete (but for now look for a primary home purchase that's ready for purchase.)  I am not sure if my numbers would work out as investment property, thus my OP question. Because I just don't want to not be doing something for x months as probate takes place, that is, if I can find a pathway forward. I have done two owner occupied rehabs but never an investment brrrr before, so any guidance or pointers would be welcome.

Have this house under contract for 2 months already but one of the owners passed. Probate will take about 3 months. Was buying as a primary house, to hack for one year than move out and rent it. I am trying to decide whether to look for another primary house purchase, then brrrr this one. I can have access to $40k from a 401k. The ultimate goal is to brrr and refund the 401k. A lender is in process of approving $40-48K heloc (will ready in 2 weeks), as well as primary house purchase with 5% down.

The house is $167k purchase , appraised for $192k. Cash to close is $22k (5% down, primary home), ARV $205-210k. It needs some work in the kitchen = painting, etc, which I plan to do myself, I expect this to be about $4k. Rents are currently running about $1550

Considering probate time, yada yada... am thinking of brrrr'ing this property using 401k funds, and for now to look for a ready to occupy primary home.

If I brrrr this house using funds from 401k will there be enough equity to fully extract the 40k and repay the loan? Am I missing something?