All Forum Posts by: Raphael Chevry

@Joseph Firmin I’ll check it out thanks a ton

Hi all,

So when it comes to auctions or foreclosures can you buy a property for a discounted price and get it refinanced.

Example

House worth: $300,000

Purchase price: $100,000

Can I get it refinanced so that I can pull my money out and do it again?

Hi all,

I am planning to Brrrr. How exactly do you implement this strategy?

Do you have to get the cash from investors/partners or out of pocket?

Can you use a FHA 3.5% loan or a FHA 201k loan and Brrrr using those loans? If you can how will refinancing work?

Do you need to build 25% equity of sweat equity to be able to get successfully get it refinanced?

If you use a partner/investor money how much should their return be?

What things generally gives the house more value?

What things should I keep in mind when walking through a property what things should I stay away from, and what things would should I not stay away from?

Why don’t banks give loans to houses in distress?

Hi all,

I am planning to Brrrr. How exactly do you implement this strategy?

Do you have to get the cash from investors/partners or out of pocket?

Can you use a FHA 3.5% loan or a FHA 201k loan and Brrrr using those loans? If you can how will refinancing work?

Do you need to build 25% equity of sweat equity to be able to get successfully get it refinanced?

If you use a partner/investor money how much should their return be?

What things generally gives the house more value?

What things should I keep in mind when walking through a property what things should I stay away from, and what things would should I not stay away from?

Why don’t banks give loans to houses in distress?

@Russell Brazil What areas in pg county would you say are the best to implement the brrrr strategy

Hello all

I'm very new to real estate investing. I'm looking for a property that I can Brrrr in the Maryland area. I don't know where to start looking. Montgomery county is pretty pricey, and I looked at other areas like (PG county and Baltimore) but I don't know where to start. I currently live with my parents I'm in debt and currently paying it off, and will have it payed off in about a year. My credit is pretty good and I've been saving enough for a down payment so that I can apply for a FHA loan (once I found my target market) does anyone have any pointers on where I should invest? How much do I generally need for a down payment? I already know a couple of investors as well that'll be willing to invest in my first deal but I don't want to rush it I'm trying to formulate a plan. Here's my situation if anyone has any pointers or suggestions please let me know. Again I am a newbie and this will be my first rental property deal.

• I’m currently paying off debt and will be done on 12 months

• I live with my parents

• I work two jobs

• I’m in the process of getting my real estate license

•How much do I generally need as a down payment to get a FHA loan to invest in Montgomery county

• I have a good credit score

• I currently live in silver spring Maryland

Please help with some advice or pointers thanks a lot.