All Forum Posts by: Troy J Szczudlak

In search of Contractors and Handyman services to manage rehabs, remodels and perform general rental portfolio maintenance requirements within the Birmingham AL metro area.  

Aaron & Bill

Thank you both for your feedback.  Yes, I am considering a refi after purchase but current owner will only consider an all cash transaction for initial purchase.  Therefore I'm currently evaluating the higher anticipated cash flow amount which is basically paying my self back vs re-fi and lower monthly cash flow after making loan payments. As a result I wondered what others may use as an acceptable timeline to pay themselves back without refi or taking on another loan.  Thanks again

I'm interested in understanding from others what they consider an acceptable timeline for payback of an all cash rental purchase based strictly on the anticipated cash flow.  Your opinions and feedback are appreciated. Thank you

As a new investor I am also curious to know. Hope to learn from the feedback.

I'm currently ISO property manager/services in the Huntsville AL area. Primarily for the management of small multifamily units, but could also include a few SFH's. I welcome and respectfully request recommendations & feedback from investors currently utilizing services within the Huntsville/Madison County AL area. Thank you

In need of investor savvy contractors for remodeling/upgrades of kitchen, bath and flooring throughout. Potential referrals or recommendations from past experience would be appreciated. Thank you

In need of investor savvy referred talent for remodeling/upgrades of kitchen, Bath and floors throughout. Recomendations from past experience is appreciated. Thank you

Looking for feedback from investors who have had experience working with either a GC or Handy Man in the Birmingham, AL area that they would be willing to recommend.  Thank you

Jerry thank you for your prompt feedback.  Yes you are correct and I should have clarified that the lenders I spoke with were conventional lenders. Thanks again

BP Community,

I live in the Birmingham AL area and I'm in the process of inheriting a home that is free and clear.  I have made the decision to hold the property and use as my stepping stone in to real estate investing and utilize as my first rental property.  Because there is a considerable amount of equity available I would like to refinance once I have tenants established and use the cash to then apply towards purchase of my next buy and hold property.

However the couple financial institutions that I spoke with and currently have relationships tell me that the home will need to be in my name and not an LLC. I want to place this and any additional properties in LLC's to separate and protect the assets I have currently, but by doing so will the LLC hinder my ability to access cash from refi or have I just simply spoken with the wrong lenders?

I've purchased and just started reading David Greene's book on BRRR, so maybe I will answer my own question as I read further, but thought I would ask the BP Community for their insight, guidance or recommendations as how to proceed. I do have an appointment later this coming week to sit down with my CPA and and also a Real Estate attorney, but any feedback I could receive beforehand would be appreciated.

Thank you