All Forum Posts by: Mick Relef
Mick Relef has started 6 posts and replied 21 times.
Post: BRRR People, How You Doin?
Mick RelefPosted
- Posts 21
- Votes 1
Quote from @Eliott Elias:
That's the beauty about BRRRR, it doesn't matter if prices dip. As long as your property is rented you're okay
https://www.benzinga.com/amp/c...
Post: BRRR People, How You Doin?
Mick RelefPosted
- Posts 21
- Votes 1
Quote from @Ryan Stuckey:
That's why cash-out refis generally max out at 75% LTV. It takes a 25% drop to go underwater (and even more % drop as the loan is paid down). Not there yet....
You think we’ll drop much more?
Post: BRRR People, How You Doin?
Mick RelefPosted
- Posts 21
- Votes 1
Those who BRRRed it up for the last 5 years, with prices dropping big, are you under water?
For those who bought 5 rentals in the last 6 years.
Post: Coronavirus will affect house prices.
Mick RelefPosted
- Posts 21
- Votes 1
I appreciate your input. I think it’ll be a decent slowdown but who knows for sure.
Post: Coronavirus will affect house prices.
Mick RelefPosted
- Posts 21
- Votes 1
How much though?
In Reno? Phoenix? Seattle? San Fran?
We’ll see if I’m right.
Longest bull market since 1850 had to wind down at some point.
Post: The crash is nigh. Everyone is talking baller level like ‘06.
Mick RelefPosted
- Posts 21
- Votes 1
@Dennis M.
They do.