All Forum Posts by: Michael McCabe

Hi guys! I'm currently beginning the rehab portion of my BRRRR deal. Just for some quick details; we purchased the deal for $180k with an expected rehab of $262k and an expected ARV between 475-550k and a monthly rental income of ~3000. Due to such high taxes in the area, the CF won't be able to cover the expenses at a 75% refi. Would multiple refinances with shorter terms and lower interest rates make sense in order to still maintain positive CF while still being able to pay off the private money loans?

Hi BP,

I've been doing a lot of learning about the realm of real estate the past 6 months and am looking to buy my first deal this year. After studying the BRRRR strategy the one part I'm still slightly confused about is the refinance portion. I have David's book and have watched the podcast episode about it, but still have a little confusion. Is this a cash out refinance? Whenever "getting your money out of the deal", or similar vernacular, gets thrown around I wonder what they mean. Any explanations are appreciated!

@Zach Gring great, thanks for the referral!

@Mark Ainley appreciate it, very helpful!

@Tony Angelos thanks for the insight! Looking forward to listening to the podcast today

@Jonathan Klemm I appreciate the resource!

Hey BP members! Pretty general question here, but what areas in Illinois, specifically the Chicagoland area, do local investors prefer and why? I’m looking into SF rentals primarily due to the lack of MF properties in my area (Western Suburbs of Chicago), although am not opposed to MF. Would love to connect to chat!

@Remington Lyman exactly what I was looking for, thanks!

Hello everyone, I am wondering if there were any investors in the Columbus area that could tell me which areas to avoid? I am looking to invest long distance and so far have been relying heavily on internet research for neighborhood data. Any insights would be great, thanks!