All Forum Posts by: Jude Eiwone
Jude Eiwone has started 2 posts and replied 3 times.
Post: Hard money loans for Brrrr on my first deal
- Posts 3
- Votes 1
@lee. thanks for your response. my credit is good and i have 40k saved.
Post: Best strategy for refi without w2
- Posts 3
- Votes 1
I am just beginning to come into real estate investing. I have read a lot and I think is about time to invest. I have some money saved up that I could start with. I am looking at some low entry markets in New York state like Albany or Syracuse or in Southern New Jersey like Trenton.
I am considering the Brrrr strategy using hard money loans. I am looking for advise on how to navigate through my options as I do not have a W2.
What exit strategies are available to me as I have tax returns for last two year on a business that didn't make much. Will I be able to refi based on that?
If I buy a property cash, am I able to get a Heloc on it after a few months without a W2?
My third option will be to use the available cash as down payment to do three Brrrr deals using hard money loans. Cash flow from all three after a couple of months might be enough incentive for a conventional lender to do a refi on all three properties.
Will any of my three strategies above work?
kindly give me suggestions on the best investment route to take.
Your suggestions will be greatly appreciated.
Thank you.
Post: Hard money loans for Brrrr on my first deal
- Posts 3
- Votes 1
I am just beginning to come into real estate investing. I have read a lot and I think is about time to invest. I have some money saved up that I could start with. I am looking at some low entry markets in New York state like Albany or Syracuse or in Southern New Jersey like Trenton.
I am considering the Brrrr strategy using hard money loans. I am looking for advise on how to navigate through my options as I do not have a W2.
What exit strategies are available to me as I have tax returns for last two year on a business that didn't make much. Will I be able to refi based on that?
If I buy a property cash, am I able to get a Heloc on it after a few months without a W2?
My third option will be to use the available cash as down payment to do three Brrrr deals using hard money loans. Cash flow from all three after a couple of months might be enough incentive for a conventional lender to do a refi on all three properties.
Will any of my three strategies above work?
kindly give me suggestions on the best investment route to take.
Your suggestions will be greatly appreciated.
Thank you.