All Forum Posts by: Jonathan Fothergill

Good afternoon BP,

I was hoping some of you can help me understand how investors approach seller financing with the intent to rehab and refi out. For instance if the selling point of seller financing is the monthly payments from you. You put the property under contract will the owner.  however after rehabbing the property and getting rented you want to refi the property to pull out cash. Now that you have that cash do you pay the owner lump sum? Do you hold it in an account and continue to pay owner. Let me know if you need me clarify I hope this makes sense. 

@Ann Bellamy

I must agree with you, I was confused when I read that. Doesn’t seem like those numbers would make sense in my opinion.

@Ray Smith

Congrats on getting your feet wet!

Couple questions as I am also looking to house hack...

What was you total cash outlay?

From what I understand you are renting out the 4 bedroom for 4500? Is that by room?

Thanks in advance for taking the time to respond

@Spiro Papa

Great stuff! What is the expected cash flow on this?

@Dan Falcon I know in your last post you mentioned you were working on your 3rd BRRRR. Can I ask how long you have been investing, and secondly, why you chose that Location?