BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago, 11/07/2023
Finishing up my first "rural" BRRRR, looking to refinance
Hello all, I purchased my first investment property about 2 months ago through a hard money loan and we are about 2 weeks from having it finished. I could just sell it, but my strategy is focused on holding when it makes sense - the numbers work out, so I am trying to find someone to help me refinance the property. I am located just outside of Auburn NY (between Syracuse and Rochester, the fingerlakes) and wanted to see if anyone knew if anyone had any advice or had any recommendations for lenders? Any similar experiences that they had to work through?
One issue is that I purchased the property in my LLC, so I'm sort of stuck with commercial loans by the sounds of it?
Another issue I keep running into is everyone keeps telling me the property is too "rural". Its about 10 minutes outside of a 26k population city. Its not huge I know, but there is demand out here.