All Forum Posts by: River Sava

Welcome Mike!

Hey Marc - 

It is possible to complete the BRRRR process in 3 months, but a lot depends on the specific situation. The rehab timeline is a big factor. If the property only needs light cosmetic updates, 3 months might be doable, but for more extensive renovations, it's going to take longer.

The refinance stage can also be a challenge since many lenders require a seasoning period, often around 6 months, before they'll allow a refinance based on the new appraised value. However, some DSCR lenders can support a refinance in under 6 months, which can help speed things up.

Market conditions also play a role, including the availability of contractors, appraisers, and lenders. In most cases, 6-12 months is a more realistic timeline, especially for larger rehabs or when you’re trying to maximize the property’s after-repair value. If you’re aiming for 3 months, having a reliable team and the right lenders in place will be crucial to keeping things on track.

More about how DSCRs support BRRRR refis: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Hey David - 

Networking with investor friendly agents can be a game changer for sourcing deals, especially when it comes to distressed properties and/or pocket listings. Building relationships with wholesalers and staying active in local REI groups has also helped investors I know find opportunities that still pencil out.

On the refi side, DSCR loans have been a solid option, especially for staying cash flow positive. They're less restrictive since they don't rely on personal income or DTI, making them a great fit for BRRRR. Check out this BP article about how they come into play with the BRRRR method. Also, happy to connect with you!

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Hey Natasha - Happy to put you in touch with my investor friendly agent/investor in the area. Let me know!

Hey Jonathan,

Welcome to the forums! Congrats on the success of your investments and earning your license. Are you planning to continue investing in the Greensboro area, or are you exploring other markets too?

Hey Sean, welcome to BP!

 It sounds like you’re bringing ample experience to the table, which will definitely help as you start building your portfolio. Happy to connect and good luck as you jump in!

Hey April - 

Refinancing after a year if there's limited equity depends on your goals—lowering your monthly payment, cashing out, or switching loan types.

The process usually involves checking your current loan terms, appraised value, and credit situation. It's worth considering if rates have dropped significantly or if you're looking to pull equity for another investment.

Happy to chat more about your situation!

Hi Amy - 

Congrats on your success so far, espeically since you and you husband and just getting into REI. Have you looked into DSCR loans? They are a great financin goption if your goal is to continue to scale.

I'm also very familiar with the NC market and happy to connect!

Hey Trent - Have you looked into DSCR loans? You can under 6 months. Happy to connect with you. Feel free to send me a DM.

Hey Austin - What questions do you have specifically? Feel free to dm me, happy to chat with you.