Matthew Terry
Quick "seasoning" periods for BRRRR?
Hello BP Mates,I'm a new investor very interested in BRRRR strategy, but my capital is limited and I want to ramp up fast. I understand that traditional lenders require a seasoning period before I can finance a proper...
Ryan Swan
Multi Family Appraisal
Looking for people's experience with appraisers on small multi family properties (2-4 units). Will they tend to use the sales comparison approach or the income approach for valuation on residential multis? The reason ...
Jon Ng
New Yorker looking for neighborhoods outside of New York
Hi,I am a young investor based out of New York with 0 properties. I am looking for recommendations on neighborhoods outside but nearby New York to look into. Initially I was thinking about buying in PA but am open to ...
Kyle Bunko
Double Closing Question
Quick question about what to do in the event of a double-closing! So, here is the hypothetical situation:I get a property under contract with the intention of wholesaling it. As stated per the contract, I am allowed a...
Michael Shepherd
Delayed Financing for BRRR
Is it possible to get delayed financing on a home I bought and renovated and rented with my own cash in order to get some money back quickly? And then get the rest by refinancing the delayed finance after a seasoning ...
Vincent Plant
What no one talks about with BRRRs!
So I’m learning quick with the brrrr strategy that no one seems to talk openly about the 6 month waiting period on a brrrr before you do the cash out refi. If you buy with a mortgage, you have to be on the title for 6...
William Coet
Purchase Offer With Due Diligence Contingency
Hello,
I want to begin making offers on land and buildings and include a due diligence period.
When making offers on land or commercial property is it necessary to place a non-refundable deposit in order to include ...
Ryan Cleary
Is there a seasoning period after paying cash?
If I purchase a house using my own capital is there a 6 month seasoning period before I can cash out refi?
Kathy Lowery
How to "Refinance" in the BRRR strategy in less than 6 months!!!
My lender states I need to show rental income on my taxes before I can refinance my investment property. Since I purchased it in December it won't show until next year. How do I get around this? I hear investors say ...
Portia Bates
Timeline for BRRRR Strategy
I am a bit stuck on how timelines work for the refinance portion of BRRR. I understand that I close on my property (Dec), renovate it (January) and then refinance it to pull out my money.How long does it take you to h...