All Forum Posts by: Abhijit Patel

@Robert Tucker

Wow. That is something scary. Yeah I will certainly connect with you to learn more about various options.

Thank you 🙏

@Jake Newman

My suggestion is to let her finish school. You seemed over excited to jump in so it will be a win/win for both of you. She finish school, looks for work so financial worry is gone and you will also learn to understand deals comes and goes. You strike when all cards are in order.

Just my 2 cents from personal experience 😊

@James Wise

Is this the same guy who wrote the book ”Payoff your Mortgage in 5 years”? I thought the book is well written. Lol.

@Brian Spies

I am in similar situations. I do have money to put down as down payment but looking at alternative options to obtain a HELOC for a down payment and use the COH for rehab if needed.

Once rehab is done, refinance and pay off the HELOC. Just need to punch in the numbers to see the cash flow.

@Darren Sager

I agree with Darren

I live in Central NJ and where we live the price are still below the 2007 mark. They are rising but still have room to strike out a good deal.

Hi BP Crew,

I want to understand (sorry if this has been asked before) in the BRRRR property is it better to do HELOC instead of Refinance? Usually the refinance has cost like title search, closing cost etc vs HELOC is usually no cost.

Can anyone help me understand why refinance concept is more practiced?

TIA

 Thank you for the recommendation. I am certainly going to connect with her.