All Forum Posts by: River Sava
River Sava has started 152 posts and replied 1848 times.
Post: Hiii! New but driven and excited :}
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Welcome to BP, Korinne!
Post: How to buy two rentals in one year?
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Hey Sean,
What rates have you been seeing for DSCRs right now? They might be lower than anticipated and are a great tool for what you are looking to do. Sending you a dm.
Post: 20-Year Austinite Relocating to Charlotte, NC - New to BP!
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Hey Melissa, welcome to BP!
As someone who has spent a lot of time in ATX and recently moved from CLT I'd be happy to connect with you! Good luck and free to send me a dm
Post: New to real estate investing and looking to learn
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Welcome to BP, Daniel!
Are there specific methods you're interested in (BRRRRs, vacation rentals, flips, etc)?
Post: My aspirations of investing
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Welcome to BP, Shayvonne!
Post: Appraisal before rehab
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Hey Ludwig -
Personally, I wouldn’t bother with an appraisal right now. I’d just check out comps in the area or talk to a local agent to get a ballpark idea of value.
Post: Introdction & Real Estate Jobs in Richmond, Virginia
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Hey Connor, welcome to BP!
Very familiar with the Richmond market. Happy to connect!
Post: Refinancing my current FHA to Commercial Financing
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Quote from @Carter Mayberry:
Quote from @River Sava:
Hey Carter -
With a DSCR loan, refinancing into an LLC is definitely possible, plus these loans don't require a full year of seasoning. DSCRs focus on the property's cash flow rather than your personal DTI. Happy to connect with you.
However, the property cannot be owner occupied. Are you currently living in it as well?
Yes, it is currently an FHA. I would be financing it to a DSCR and moving it to an llc at one. Yes i am living in one unit
Gotcha - just as a heads up, most non-qm DSCR lenders do not allow for owner occupied properties
Post: Small Fish Big Pond
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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Quote from @Jonathan Bremner:
Open to other markets too! I grew up in WNC and still have family there so that is an option and even have placed offers on cabins in WNC to make an STR but nothing has panned out yet for something like that. Also considering a coastal STR in some of the smaller beach communities.
Post: I'm looking for a lender in upstate NY, prefer Hunter, Catskill
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
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What type of financing are you looking for? rehab, dscr, bridge, etc?