All Forum Posts by: River Sava

Welcome Barbara!

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?

Hey Reeves - 

Scaling with BRRRR boils down to planning / resources. Building out your core 4 is going to help as you grow. A lender who understands investors, an agent to find solid deals, a contractor you trust to handle rehabs efficiently, and a property manager to stabilize properties quickly.

For financing, look into hard money loans - quick closes, interst ony payments, short terms, etc. As for the refi side, DSCRs are an excellent tool to utilize as they are based off the property, not you as the borrower, so no DTI hits / personal income verification required. Happy to connect with you!

 Sounds great! I'll send you a dm to connect 

Hey Ivan, happy to connect with you! Sending you a dm

Hey Rance - 

Thanks for sharing your story, sounds like you’ve been through a lot with this property... Dealing with floods, evictions, and management issues all at once is no small feat, but it’s great to hear you’ve finally got it fully occupied. Switching property managers seems like it was a smart move, especially with how much you and your wife had to step in before.

Chicago definitely isn’t an easy market, but it sounds like you’re set up for better success moving forward. Are you open to / currently exploring different markets? 

That's awesome, welcome to BP Aaron!

Hey Eric- 

Congrats on taking the leap into rental investing. Eugene sounds like a great option with the university draw, and Portland has some solid opportunities too especially if you're leanign towards the MTR/STR route. Happy to connect and good luck!

Hey Nathan, welcome to BP!

I don't live in Richmond, but I'm very familiar and visit quite often. Happy to connect and bridge connections for you. 

Welcome Gabriel -

Congrats on your portfolio. Are you leaning towards a buy and hold or a M/STR for your next project?