All Forum Posts by: Bradley LaBrie

I recently refinanced to a conventional from an FHA 203k loan to lower my interest and save on PMI/monthly payment on a 4-unit. I then moved into another multi-unit property 2 months later as my primary residence. I understand I have the risk of my loan being called due but I'm wondering if anyone has ever had that happen? Is it law that you get 30 days to pay off the mortgage?

I have 40% equity and I cash flow $1550/month off the property so I know I won’t have an issue getting private money if they call the loan. I’m just wondering how likely that is. Thanks.

@Account Closed If you havent spoken with anyone about the Flint area we should discuss. I work in flint and have a good knowledge of the area.

Let me know if you would like to meet up!

@Michael Ciesielski Welcome to the area! I invested in Flint before the water crises but have turned my attention the the surrounding areas lately. However, we have began to look at larger apartment complexes that seem to be at great price points. How has your experience here been? Any more investing the past 9 months?

We should meet up sometime!

Flint is an interesting market. Certain areas have become popular investing spaces and many larger multi families have done very well for investors at the current price points. Even though i have owned in Flint, I invest in the surrounding cities. 

Feel free to reach out to me and connect! I know the area very well.

@Steve Vaughan thanks for the advice I think I will do it similarly!

I have a similar setup on a 4-plex and haven’t had any problems. Insurance is very reasonable here too I just don’t wanna get caught with my pants down lol

Excuse my ignorance but PM s-Corp fo what? If the house is in your personal name how can you run it through an S-Corp?

@Steve Vaughan thanks man! I’ve heard similar advice. Any advice on protecting yourself from a legal standpoint?

I’ve been doing research on seller financing and I just want to see if anyone has additional feedback for my first creative deal using the seller as the bank.

I just came to terms with a former partner to buy a duplex from him. Because I'm in the middle of refinancing my BRRRR property I can't go the traditional route.

I'm going to give him $30k down to hold it and then finance later in April. Can I put my LLC as the buyer of this property? Will it affect my ability to finance it later? Anything else I might not be thinking of that I should be aware of?

Thanks in advance,

Bradley

@Stephanie P. so the interest rate on a duplex is different than a 4-unit for conventional financing with it being my homestead?

Thanks

I’m by no means an experienced investor but I have never heard that the interest rate between residential multi family interest rates are different.

A broker told me the interest rate for a 1, 2, 3, 4 are all different. Is this true?

I’m attempting to cash out refinance my 4 unit that’s my personal residence house hack.

And take that money for a down payment on a duplex property I already came to an agreement on.