All Forum Posts by: Andrew Zamboroski

I'm looking for someone knowledgeable in STR's in the Hampton roads area of Virginia. Specifically Hampton, VA. I'm trying to acquire my first Airbnb and also trying to learn how to make sure I have a good deal. Looking for someone knowledgeable in bridging a fix and flip loan into a DSCR loan. I'd love to connect with someone in this area. Please help! 

We purchased a rental in VA (live in NC) and established a VA LLC. We bought it with 40% down in cash and the remainder using private money. It now has 6 months or rental history (more if you include the previous ownership) and we need to refi the private money loan. What would you do? A DSCR loan — even though the rates are higher — or a conventional refi? Any other option you'd consider. (High credit score and a strong financial portfolio). Thanks in advance!

Hi BiggerPockets community,

My name is Clarence Benson, and I'm based in Michigan. I'm launching a real estate investment company focused on the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat). My goal is to build a portfolio of strong cash-flowing rentals while recycling capital to scale quickly.

Who I Am

• Currently completing my Michigan real estate pre-licensing requirements.
• Actively studying real estate law, finance, and investment strategy.
• Passionate about using the BRRRR method to build long-term cash-flowing rental portfolios.

What I’m Trying to Do

• Learn by connecting with experienced investors, lenders, and mentors.
• Start with smaller single-family or duplex properties in Detroit, Grand Rapids, or Lansing.
• Build a pipeline of lenders and contractors before my first deal.

Why Michigan?

• Affordable entry costs (many properties < $100K).
• Strong rental demand in college towns and growing cities.
• Detroit cash-flow potential when neighborhoods are carefully selected.

How I’m Looking to Connect

• Lenders → to understand financing options for new investors.
• Investors/Partners → to learn from those actively using BRRRR.
• Mentors → to guide me on best practices for my first few deals.

What I Bring

• Full transparency: I’m new, but committed to doing the work.
• Hunger to learn: I’m studying every day and analyzing deals to sharpen my skills.
• Long-term vision: I’m not chasing fast money — I’m building a real company.

Closing:

If you're in Michigan or experienced with BRRRR, I'd love to connect. I'm here to learn, share my journey, and eventually partner with the right people when the time comes.

Thanks for welcoming me into the community!

– Clarence Benson

Aspiring Michigan Investor | BRRRR Method Learner

I am under contract on a duplex and meeting with lenders on a DSCR in Georgia. Question: how common are the prepayment penalties on DSCR? The first lender I met with is a 5-4-3-2-1 or 3-2-1 for and additional 3/4 of a point. This means if I prepay in the first year its 5% second year 4%, etc. Do I need to keep searching for better terms, or is this common with all DSCR loans? I would hope to refinance or possibly even sell within 5 years.

Right now my current big name lender has been calling me for a week to refinance. I haven't taken his call because in previous conversation's we ran the number and there was almost no savings; but it increased my loan by over 10k in refinancing costs. I currently have a 6.99% interest rate and would love to get it lower if possible but that def. wont happen with this company...

I was thinking if maybe a DSCR loan would be the way to go or would a conventional refi be better?

Hello BP Community!

I have a couple of questions about the BRRRR strategy.

First, if I'm doing my first BRRRR and don't have reserves or capital (assuming the hard money lender covers 100% of the purchase price and rehab costs), is there a way to roll the monthly HML payments into the loan, or would I need to bring in a partner with reserves to cover those payments until I reach the rent/refinance stage?

Second, what are the key numbers and metrics I should focus on when doing a BRRRR? I know building equity is crucial for using as a down payment on the next deal, but how should I factor in cash flow? What calculations help confirm it's a solid BRRRR deal? Would this be projected rents, cash flow, and/or equity? And what about using a DSCR loan for the refinance? Any tips there? I'm assuming the goal is to secure the best possible interest rate.

I’ve been learning a lot lately and feel like I’m at the point where I want to take action, even though I’m nervous. I’m pretty introverted and usually keep to myself, but I believe I have a rough outline of the steps:

1. Talk with HML, shop for one that makes sense.

2. Find a distressed property that makes sense (through a realtor or other means).

3. Work with contractors for the rehab.

4. Rent the property out (1% rule, or compare nearby rents with the same kind of property), with a property manager in place 8-10% of the total monthly cash flow.

5. Refinance with a bank (DSCR or other favorable mortgage).

6. Pay off the mortgage throughout the amortization and use equity for the next deal.

Any insights, advice, or things you’d point out would be greatly appreciated!

 No structural work.  Mechanicals need some updates.  Cosmetic updates for all units.  

Here is a very conservative pro forma

https://app.dealcheck.io/#!/shared/-OTFPOgg4EHy42wyqSox

I bought a 4-unit property in cash at an auction for 130k that I believe is at as-is value of 175k on the open market.  I own it free and clear and it is vacant.  I am looking for a lender who will do essentially a delayed financing based on my purchase price.  I am willing to pay for an appraisal and up to two points.  I am looking to stay below 11% interest with no prepayment penalties.  I do not want to finance rehab but am willing to provide a ballpark scope of work.

I’m seeking a lender who can structure a cross-collateralized / blanket loan using one high-equity property as part of the financing for a new coastal property purchase. Do they exist?

Key Points:

• Very low combined LTV (well under 50%)

• Both properties will be income-producing

• Need lender comfortable with title held in a revocable trust

• Prefer a partial release clause for future flexibility if one property is sold or refinanced

• Open to portfolio, community bank, DSCR, or commercial lending options

• Ready to move forward quickly with the right fit

Looking for recommendations or direct contacts with lenders experienced in this type or other financing programs that would accomplish the same goal. Thank you in advance for your time. 

Hello everyone, any info where to get dscr loan in milwaukee?