How are Baltimore BRRR's going?

[Johnny Quilenderino]

Team BP, I know the city of Baltimore is have a backlog of recordings for sales of property.

1. Recordings are backlogged in Baltimore 6 months at the moment.

2. How are BRRR's getting their refinances done?

What are you guys doing to cushion for the extended time? When do the banks actually deposit your money, on the title recordings or at wet signing?

How are your BRRRs being funded? 

[Conor Casey]

The lien certs are taking about 3-4 weeks to get back.

Even if your holding for a longer time, as soon as that house is finished you can get a tenant in there. Then your no longer paying for any financing costs because they’re making the payments for you.