All Forum Posts by: Michael B.
Michael B. has started 12 posts and replied 26 times.
Post: I got a building with ton of equity worth around 5million.
- Posts 26
- Votes 2
In this market i don't know what kind of loan or line of credit i should go with. Lenders are giving me 3 million LTV.
Should i do a line a credit buy a building cash and refi and repeat?
Should do 30 year Amortization and lock in the Rates?
I need some big investor help here.
Post: I got a building with ton of equity worth around 5million.
- Posts 26
- Votes 2
In this market i don't know what kind of loan or line of credit i should go with. Lenders are giving me 3 million LTV.
Should i do a line a credit buy a building cash and refi and repeat?
i need some big investor help here.
Post: Need help Options on Loans.
- Posts 26
- Votes 2
If you own a a building worth about 4.5 mil what option would you do with the equity in this market. The lenders are giving me 65% LTV which comes out to 2.5mil.
What kind of loan or line or credits would you use.
I was thinking of getting a line of credit and buying a building for about 2 million rehab and get it re appraised and then CASH OUT REFINANCE it. Pay back the first loan so now i have zero debt on the 26 units. REPEAT
Post: I have a question about the BRRR strategy?
- Posts 26
- Votes 2
So ill need a hard money lender. I wanted to truly do in on my own with a bank loan will that still work?
Post: I have a question about the BRRR strategy?
- Posts 26
- Votes 2
also to pull out cash to buy another one my total plan.
Post: I have a question about the BRRR strategy?
- Posts 26
- Votes 2
Do you have to buy, BRRR property out right (CASH). Or can I use 30% down payment and rehab an still be able to do a refi once values are up and rents are up?