All Forum Posts by: River Sava
River Sava has started 152 posts and replied 1848 times.
Post: Ready to do deals!
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
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Welcome, Jimmy!
Are you currently in the STR or LTR space / are you looking to expand into one or the other as you grow your portfolio?
Post: Don Herrick - New to Real Estate Investing
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
- Posts 1,920
- Votes 1,968
Welcome, Don -
Are you interested in any particular strategy? Flips, BRRRRs, vaction rentals, etc?
Post: BRRRR with ~400k Capital
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
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Hey Thomas,
BRRRR is still a strong strategy, especially with solid capital. If scaling quickly is your goal, DSCR loans are a great tool for the refi portion since there's no 12 month seasoning requirement like conventional loans, and DTI isn't a factor.
I suggest focusing on building your "Core 4" team—agent, lender (one who can finance both the purchase/rehab and refinance is ideal), contractor, and property manager. Happy to connect if you want to dive deeper!
Post: New to the site!
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
- Posts 1,920
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Welcome to BP, Brandi!
Recently moved from CLT and work with a lot of investors in the area. Happy to connect with you!
Post: Aspiring Residential Investor
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
- Posts 1,920
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Welcome Anthony!
Good luck as you jump in, and happy to connect with you.
Post: Advice for beginners!
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
- Posts 1,920
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Hi Ritu -
Look into meetups in your area (meetup.com and local Facebook groups are great places to start). Additionally, you want to start building your "Core 4": agent, GC, lender, and PM.
Are you going to be using financing for the purchase and rehab? If so, it's a good idea to start mapping out both the rehab and refi portions. Happy to connect and good luck!
Post: brrrr loactions for under 150k
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
- Posts 1,920
- Votes 1,968
Will this be your first rehab and/or BRRRR?
Post: BRRRR - Experiences with the refinancing part for non US-citizens?
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
- Posts 1,920
- Votes 1,968
Quote from @Helena Goyvaerts:
Quote from @River Sava:
Hi Helena -
This can be nuanced, but for DSCR loans there are a few options for you. Are you/your partner(s) foreign nationals or non-permanent resident aliens? Also, are you planning on going through an LLC? If so, then there can more flexibility there.
Happy to connect and chat further if you'd like!
I'll send you a dm!
Post: New member Introduction
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
- Posts 1,920
- Votes 1,968
Welcome Jean!
Post: One Brokerage BRRRR Loans
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat ContributorPosted - Lender
- USA
- Posts 1,920
- Votes 1,968
Hey Jack -
Check out this article: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...