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All Forum Posts by: Jay Mersfelder

Jay Mersfelder has started 16 posts and replied 79 times.

Post: BRRRR refinancing issues

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

Can we talk more about this like to gain more insight on this thanks

Post: BRRRR refinancing issues

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Corey Frank yes

Post: BRRRR refinancing issues

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Stefan D. Totally agree my first one did very well this one should be close probably won't get it all back but still will be decent returns

Post: BRRRR refinancing issues

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Jonathan Taylor no hml just trying to pull money out to finish rehab and reinvest

Post: BRRRR refinancing issues

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Curt Smith thats the plan thanks

Post: BRRRR refinancing issues

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Todd Rasmussen Sfh that I paid cash for rehab is 75% done

Post: Need refinance advice

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Nathan G. Thanks for advice I'm checking around with different banks and lenders just to see what options I have.

Post: BRRRR refinancing issues

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Marcus Holloway I just came across same situation told me to find another bank if plan on continuing doing investment properties..did you find solution..I'm about 75% done with rehab so little nervous don't have my exit strategy yet.any advice will be appreciated.

Post: Umbrella insurance or LLc

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

I in middle of rehab its SFH that I plan on renting out. I've been struggling about getting LLC . I've been thinking umbrella insurance.. I'm new into real estate and very motivated to scale but everything seems so confusing..Any help or advice with best way to continue to scale and if I need LLC at this point yet..Thanks to all my B.P friends appreciate the knowledge.

Post: Need refinance advice

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

I'm in middle of second rehab that I plan on renting out.i talked to my bank about refinancing out on the property once I finish rehab.There not refinancing investment properties, said I would have to find another bank.any info or ideals on where I should try and refinance this property would be appreciated. I'm new at investing and just not sure my best options are..thanks to all my B.P. friends for any advice.