All Forum Posts by: Sang Nguyen

@Andy Comer hey, your local CU allowed you to put less than 20% down?

Thanks so much, @Benjamin Hurwitz. So if I understand correctly, it varies from lender to lender?

@Caleb Jordan (or anyone for that matter) so loan amount is determined by a percentage of ARV (typically 65% to 75)? Isn't ARV determined after you stabilize the property and have an appraiser run through it?

Hey @Caleb Jordan! I read this sentence over a dozen times, but I'm still confused. Can you explain further? Assuming I can get the loan for 80% of the cost, or $360,000, where / when does the 65% to 75% of ARV come into play? Is that when I'm refinancing into a 30 year fixed?

Hi guys,

I'm brand new to investing in real estate. I've spent a solid month now listening to BP podcasts and other YouTube videos. The BRRRR strategy caught my interest, but I have a question.

Let's say I find a property that I like, and I would like to purchase it with a shorter term loan through hard / private money. Do you typically ask for the loan amount to be the cost of the house plus rehab costs? So let's say I find a property where the purchase price is $400k, and I estimate that rehab costs will be $50k. When talking with hard money lenders, do you request $450k?