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All Forum Posts by: Michael Ferrera

Michael Ferrera has started 2 posts and replied 13 times.

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Renovation done in 2 months now what?

Michael FerreraPosted
  • Contractor
  • Nashville, TN
  • Posts 13
  • Votes 1

@Timothy Hero right on gonna weigh the options. What about a heloc?

0 Votes
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Renovation done in 2 months now what?

Michael FerreraPosted
  • Contractor
  • Nashville, TN
  • Posts 13
  • Votes 1

@Will Fraser I like it I am talking with my HM guy he is awesome has some different options. Also talking with portfolio / commercial lenders... I will look into Heloc brilliant!

0 Votes
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Renovation done in 2 months now what?

Michael FerreraPosted
  • Contractor
  • Nashville, TN
  • Posts 13
  • Votes 1

Looks like I missed the refinance part... i have a hard money loan. Im wrapping the rehab of this house after 2 months its ready to rent and refinance. Except I cant pull any cash out for a year... HOW DID I MISS THIS!? How are people able to brrrr more than one single family in less than a year. Cant buy anything else till I get my cash back... who has a similar experience? And what to do to brrr more properties in a year? Portfolio lending?

1 Vote