Brandon Clark
Question about the refinance in the brrrr technique
Hey BP, I just talked to my lender. He told me that I can buy a home, rehab it, rent it, convert into a permanent loan immediately and then move on to the next deal. I won't be able to pull the equity until 12 months....
Jose Jusino
Rate and Term Refinance?
Hi BP! I was doing research on the BRRR Strategy and I got stuck on the Refinance part. I've been reading around for information on different types of loans and refinancing and I know that most types require a seasoni...
Michael Paquete
BRRR technique
Hello fellow investors,For my next investment property I would like to try the BRRR technique to try and help generate equity and allow me to build my investment portfolio. I have a good network of people from broker...
Sean Price
Using a Refinance Loan to purchase a Lease Option
I was reading a book by Matthew Chen that was written around the 2008 time frame. The book is on Lease Options and he mentioned that when buyers were buying to exercise their option on a property, if they had lived t...
Leon F.
Attempting to purchase "SUBJECT TO" existing mortgage
I 'd like to get some more experienced insight on trying to buy "Subject to"The homeonwner is moving out of town by the end of the month and wants to get out of mortgage.3br2bath w/basementcurrent mortgage payment is ...
Account Closed
Creative Financing Seller "Refi" for Takeover
Seller “Refi” for TakeoverThis no-money-down technique is as amazing as it is simple. Ask the seller to refinance the property for your offered price, (for 30 years fixed at no more than X%) subject to a one-time qua...
David Simon
How to find comps in a sparse area
I am looking to Brrrr a duplex in South Jersey. I've found a property that I like at what seems like a good price. But in order to make a Brrrr work, I want some comps to see what I think I can refinance at later. Oth...
Nicholas Baughman
Financial Institutions Suggestions
I've been researching a lot of different financial institutions to do a cash out refi or a HELOC. Just curious if anyone has some suggestions for institutions that deal in VA cash out refi or HELOCs?
Mark Silva
Using a Line of Credit to Invest?
Hello BP,
My family and I own a four-plex free and clear and have been thinking of opening a line of credit. We will use this line to acquire other buy and hold investments (maybe even a flip or two).
After purcha...
Account Closed
When applying for a hard money loan, what should you consider?
You guessed it! The exit strategy!The exit strategy is a key determining factor for most hard money lenders on whether or not the loan is doable. The exit strategy must make sense.Consider the exit strategy and implor...