All Forum Posts by: Chaits J.

Thanks a lot @Jack Bobeck. Can you also please give me the esri link that you posted for looking up demographic info. Also can i pick your brain on Zipcodes that are upcoming Jacksonville area. I know you are a big supported of 32204 & 32205. But i believe BRRRR deals( 70% of ARV list price) do not exist in those neighborhoods. Do you have any suggestions on BRRRR friendly deals that are not Class C.

Hello All,

Sorry to ask the same repetitive questions that was asked on this forum earlier for years. I tried my best to read through the posts but keeping how fluid RE market data is, I decided to ask one more time.

Please suggest Zip codes and Contacts based on the criteria below. 

My Criteria: 

Strategy: BRRRR

Investment Source : Cash Mostly ( If not HML)

Property Type: 2-4 Unit Multi Families

Price Range: Under 400K

Zip Codes : Please suggest zip codes that aren't rought. Typical Class B

Renovation Effort: Medium

Looking for Contacts: Investment friendly realtors, Wholesalers experience working with out of the state investors.

Local Economy Data :  I saw a post @Jack Bobeck gave few details about looking up neighbourhood data and unfortunately i couldn't find that post. It will be helpful if any one can provide that info one more time. Thanks!!

Good Luck man! Started looking for places to invest in Jacksonville market and bumped into multiple posts of yours.

@Chanakya J.correction rehab cost = 25K

@Gary Parilis : Sorry if my response above wasn’t clear. Please see below explanation with an example.

Purchase Price:$200K

Rehab Cost: $225K

ARV : $300K

Delayed financing refinance amount should be 75% of ARV or Purchase Price whichever is lower.

In above scenario it is 75% of ARV = 225K Or $200K whichever is lower so that's $200K leaving $25K of your money in property.

What I am trying to find is a lender who can consider my purchase cost as $225K( $200 + 25K Rehab listed as escrow on HUD) so that I can pull whole $225K via refinance.

Hope this helps. Please free to let me know if any questions.

@Gary Parilis : I have few lender contacts who are aware of delayed financing but not able to find one who can include Rehab escrow as part of purchasing cost. I can PM you those lenders who can do delayed financing if you don’t care about pulling out rehab costs. Let me know.

@Chanakya J. Bump

Hello all,

Planning to execute my first BRRRR and looking for lenders who does delayed financing loans with no issues considering closing costs and rehab escrow along with purchase price in refinance amount( off course when the total is less than 75% ARv). Property is located in PA.

Thanks!

@Guifre Mora @Jerry Padilla @Eli Schwartz Thanks for taking time and answering my questions. BP forums rock!

@Guifre Mora thanks! But is there a cap on amount that can be refinanced like it cannot be more than initial

Investment amount.