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Updated about 6 years ago on . Most recent reply

User Stats

61
Posts
46
Votes
Richard Patrie
  • Morrisonville, NY
46
Votes |
61
Posts

Looking for BRRRR private lender.

Richard Patrie
  • Morrisonville, NY
Posted

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.

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