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Updated almost 6 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Nathan Williams
  • Investor
  • Norfolk, VA
2
Votes |
7
Posts

Refinance at 70-80% of ARV in less than 6 months

Nathan Williams
  • Investor
  • Norfolk, VA
Posted

Hey BP,

You guys are awesome! But, ground rules first: 

Don't post if you haven't read the responses already in place. It just wastes the reader's time. No Repeats.

What strategies do you have to get 70-80% of ARV back in less than six months on a property? I have found the following:

1) Talk to a Credit Union

2) Talk to a portfolio lender

3) Hold a note for your LLC so there is already a loan in place that can be refinanced immediately

**Please feel free to elaborate specifics on these. Opinions kept to a minimum.**

**Please add other common/repeatable strategies to the list (Ex: none of the "Bob down the street did this for me but only me.")**

There was already a post about this, but it's a lot of mortgage brokers arguing with each other over semantics, so I had to be specific for this one to try to get the answers/options I'm sure people are looking for.

Thanks all!

Nate

Most Popular Reply

User Stats

7
Posts
2
Votes
Nathan Williams
  • Investor
  • Norfolk, VA
2
Votes |
7
Posts
Nathan Williams
  • Investor
  • Norfolk, VA
Replied

Wow. Never heard of that! I’m about to get smart on Rate Term Refinancing. Thank you!!!

I hear there’s a thing called financial freedom, and I’d like to get there in less than 20 years! Thanks again!!!

@Albert Bui

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