All Forum Posts by: Akshar Agarwal

I wish to grow a large rental portfolio for passive cash flow, and the BRRRR strategy is fine but how do I complete the Buy portion if I can't keep saving up 20-50k and putting it into a property? Ideally, refinancing 70% ARV would return the down payment but that alone takes lots of time to complete (6-8 months post-purchase). So how do I grow a rental portfolio quickly?

Thanks for the advice! I'm thinking for the first deal I'll just go with the 3.5% rate since it seems very good for my age and income history. @Wale Lawal, with refinancing is it standard that I need to have 6 months rent history and title? 

If so, then I'm drawn toward the 3.5% rate because it will immediately become rent-backed. Rather than BRRRR the traditional way, can I simply refinance the mortgage to get the 70-75% ARV to pay off that initial mortgage (assuming that I add enough value to the property)?

I'm 20 years old, looking to get into real estate. I've been reading these blogs, listening to podcasts, and working with some other investors for a couple years and am ready to get into the game.

I've got 100k saved up and have always thought I'd follow the BRRRR strategy, but I've learned very quickly that refinancing is a lot harder than that.

I want to buy the first home cash, fix it up, refinance, repeat. But banks keep saying I need X months of rent history and need to hold the title for 6 months to a year. 

Should I just get a traditional mortgage and pay the down payment cash then use rent to pay it that way?

Why refinance vs mortgage? Just the different rates?

I've found a lender who will offer me the right loan at 3.5%, but they can't loan to an llc. Is it bad to do it this way? I own a small landscaping business that I don't want to get mixed up with things but I'm worried if it's all just in my name then it may not be good, but the rate is only for individuals (they won't do it for businesses and if I transfer the property then they call the mortgage due)