Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

36
Posts
10
Votes
Anthony Martin
  • Investor
  • Pittsburgh, PA
10
Votes |
36
Posts

BRRRR Method Lenders

Anthony Martin
  • Investor
  • Pittsburgh, PA
Posted

Hello BP Community, 

I purchased my first rental property under a LLC last year and have been fighting to get the cash out of the property ever since. So I have worked with a few lenders in Pittsburgh at FCW, FNB, Key Bank, and Standard Bank. None have been able to help me and have completely trashed my credit inquiries after overpromising and under delivering. I am currently pulling cash out through Gauranteed Rate and would like to use this money to grow my business through fix and flip and BRRRRing properties. I am looking for a lender, broker, etc that will be able to help me get to 50+ units in the next 2.5 years.

Most Popular Reply

User Stats

4,576
Posts
4,414
Votes
Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
4,414
Votes |
4,576
Posts
Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied

Going with a private lender over a bank is probably gong to be your best bet.  Banks definitely offer the best rates, but the downside is spelled out exactly in your experience...deals fall through due to stringent and inflexible underwriting

  • Robin Simon
  • [email protected]
  • Loading replies...