All Forum Posts by: Nick Versetto

Originally posted by @Landon Thomas:

@Nick Versetto

Nice work! You say "latest". How many have you done using Brrrr? All in the far SW side?

 On number 4 now and all I the sw burbs. I set a goal of 5-10 more this year. 

Originally posted by @Brian Larson:

well good luck! the latter part of the BRRRR strategy can be a challenge but not insurmountable.

I have to ask because it has been a problem for me...how were you able to get a conventional cash out refi for the full amount in less than 3 months? local lender? I just know Fannie frowns upon it and requires 1 year seasoning...thus why I use private money for a year then refi to conventional.

thanks for the response

b

@Jerry Padilla hit it spot on. No cash out means no seasoning.  I need to cash out eventually but still getting through them for now. 

I'm still going conventional but the project in doing now will be my first experience with a portfolio loan. @Brian Larson

I've been able to get in and out of the hml loan in 3 months so far.  Nervous about a portfolio lender because it's a new process to me but think it'll be fine. 

Acquisition 92,100

Rehab 34,000

ARV 200,000

Rented for 1700.00

cozy is an awesome service and all of my tenants love it.  Granted I'm only at 4 right now but I don't see myself switching for a long time, if ever.  

An awesome feature is being able to list your rentals through cozy directly to realtor.com.  That's huge imo for getting more interest on your properties.  

Good luck and trust cozy you'll love it. 

what does it matter if there's another bubble as long as you've done things right and have positive cash flow?  I say bring on the bubble because it'll create more opportunities for those looking to make this full time!

curious also

I'll have to call him and start the new year off in the right foot

@Account Closed I'm at 350 but need someone a bit more aggressive to go with what I'm trying to achieve. 

What are you paying your attorney? How aggressive are they to push deals along to get closed? I'm having growing pains with the one I've been using and want to see what other experiences people are having. Thanks.