All Forum Posts by: Ruben Sanabria

Hi BP -- 

I am selling one duplex in Columbia and a single-family home in Sumter. Please review the details below and contact me with serious inquiries only.

Duplex:
2 bed, 1 bath, per side
1084 sq ft per unit (2168 total)
Built 1950
Rent: $1200 per unit ($2400 total)
Leased through: 8/31/23
Asking price: $335,000

Tenant pays for all utilities; owner pays for lawn service.

Both units are currently occupied and professionally managed by a local property manager. Duplex has had a great rental history with little turnover.

There is a large storage unit on the lot that tenants can use for extra storage as well.

Capex includes interior and exterior paint, new kitchen flooring, and some new appliances where needed.


Single Family Home:
5 bed, 3.5 bath
2609 sq ft
Built 2013
HOA fee $225/year
Rent: $1650/mo
Leased through 10/31/23
Asking price: $280,000

Currently rented, has a great rental history, and located near Shaw Air Force Base

Capex: New flooring installed and new interior paint applied in 2019

Please let me know if you’re interested or need any additional information

Hi all - I am interested to find the top multi family brokerages for B and C class buildings in the greater Atlanta metro. Any info is helpful. Thank you. 

@Chris Harrison I have found some. If you have any wholesale deals send them my way!

Found a duplex that I'm interested in employing the BRRRR method. However, if I rehab the duplex, there are no comps, thus the appraisal will likely not hold. The potential rents as a duplex are great.

If I rehab as a SFH, the comps are great, but the rents are not. There are many comps for a SFH as this is in a great location.

What do you all suggest? If there was only a way to appraise as a SFH, but keep/rehab as a duplex. Open to any advice/opinions

Looking for cleaners to service property in between guests in Columbia SC. Any trustworthy and reliable recommendations will be helpful.

Thanks in advance.

@Alex Bekeza

30 year fixed, commercial loan? Do you have a bank that you recommend?

@Andrew R. Lucas @Will Gaston @Wes Davis

Thanks fellas. I’m assuming you guys are talking about commercial loans?

I’m trying to decide whether a commercial or conventional cash out refi is best. The one thing keeping me away from the commercial loan is the maturity period. I don’t foresee having the capital to pay the loan in full in for example, 5 years, so I would then have to refi again, which I’m hesitant to keep doing on the same property.

I like the idea of one refi to take the majority if not all my equity out and go to the next project.

Thoughts? Any conventional lenders who are flexible on seasoning periods?

Purchased: $135k with 25% down ($101,250)

Rehab: $12k

Appraised before rehab: $210k

Comps: $220

The monthly cash flow is great, but I want to begin my next project.

@Andrew Postell

Conventional loan 25% down

Thanks for your service!

@Dave Passey

Not sure I understand you. I have already closed on the property. Rehab is complete and tenants are living at the property.

I need to cash back refi the current conventional loan.

I got a conventional loan on my investment property that I plan to BRRRR. Rehab complete and tenants have signed lease and moved in about 1 month ago. Looking for lender that will allow cash back refi before typical 6 month seasoning period. Any suggestions?