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Updated almost 6 years ago,
Looking for BRRRR private lender.
Hey everyone.
I'm in year 2 of implementing BRRRR for my buy and hold properties. So far I've acquired 7 properties. Two are in the midst of being refinanced with a bank. My banker recommends waiting for the other loans to close and wait a while before going back to the well. Instead, I'm interested in connecting with a private lender to refi a couple single family properties in Northern NY. These properties were initially funded with a HELOC and looking move the balances off it. These properties are rented and cash flowing. I was looking for someone interested in holding a first lien, 5-yr note on either property, roughly $25K-$35K each. Any leads would be appreciated. Thanks.