All Forum Posts by: PJ Boxel

 Alright!!

 I shoot you a message as well! 

Hey Jack,

Appreciate your answer! Hopefully, we can find some solid lenders here! I would be happy with a 70% LTV ;)

I am looking for a lender who is willing to work with international investors! I am a cash buyer, who recently purchased his first property and wants to do a cash refi of 70-75% LTV of the ARV.

If someone could help me with the golden tip, I would appreciate it! Having a hard time finding lenders willing to work with a non-US citizen..

ATTENTION all Contractors, property managers, plumbers, handymans, lenders, HVAC Contractors in St. Louis MO!

Please connect with me as I am building my team after my first purchase!

That's what I am doing in my own CMA! If I don't have enough data, i adjust the data to more bed/bath, bigger radius or different age. I always do it myself first and later let it verify by my agent with the sold data from the MLS. Should this be enough?

Thanks man!

Well, I just use free tools like redfin and zillow, but I never estimate an ARV based of these alone. I always let them confirm by my buying agent who has access to the MLS!

Thanks for the patience :)

Yes I do, but I thought that it would be great as an investor to run my own comps (which I did and I came out to 72-74k). And afterwards, confirm by an agent. I think every good investor should be able to do an accurate CMA. My agent confirmed my analysis at 74k, so it was a great call.

However, I still want to keep doing my CMA as accurate as well. Any tips on doing this?

I am trying to do a CMA with a property I am intending to buy in St Louis, MO. It is not intended to buy as a flip; however, I need to know the current value to refinance the property and knowing how much to offer. I want to recover most of my capital and therefore buy cash (BRRRR). I suggested that analyzing comps would be a good start, as the appraisers also work this way.

I am stuck in the valuation of a comp. So, for example, how much does the price gets impacted when we compare a 2 bedroom, to a 3 bedroom in the same ZIP? How does this work with the SQFT and age of the property?

This is my current COMP overview, all in the same ZIP AREA, sold <6 months:

How can I determine from here the right valuation and refinancing amount?

 Hi Chris,

Thank you very much for taking the time to comment on my post! 

For now, I am not sure whether I am interested in the commercial side of real estate in the US. I always found it interesting, but I wanted to start with (small) multi family units!

So if I understand correctly, starting with 1-4 doors is the most interesting due to flexible/better rates? From 5 or more, the loans will be seen as commercial with higher payments of interest?

I read a lot of the 6 months seasoning. But it's still not very clear to me. I have the capability to buy cash if needed and refinance later when the rates are better. For now, obtaining a financing against 6,5% interest is not interesting for me. The only issue is that I would be stacking a lot of equity in a multi family and I need to wait to retrieve it back when the financing options are better.

That sounds amazing ! Are you able to househack your property in Alaska, even when you are not living there? For me, it sounds unrealistic as I am living in the Netherlands right now.

Thank you so much for your advice!