All Forum Posts by: Calvin Atria

purchase a property cash for 43k. It was in the middle of a foreclosure. So I picked it only going to be into the house another 20k and the arp will be 150k. So I'll be cash out and refinance and rinses and repeat! The funny thing is i didn't realize the method i was doing until I found this page! I'm hoping to find a group of individuals that would like to talk shop! Also do most people do the business loans to cash out and refinance or do they do something else?

DSCR loans can be a popular option due to relaxed seasoning requirements (not sure how long you have owned the property).

Purchased the property in November. Been looking for lenders?!

the property is under an llc as well.

also rehabbing the whole house.

It sounds like a great fit then for someone like myself. When will house be completed?

Hopefully in the next 2 months.

0 Votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $43,000
Cash invested: $20,000

Purchased pre for closer
Rehab
Rent
Cash out refinance

What made you interested in investing in this type of deal?

Financial freedom

How did you find this deal and how did you negotiate it?

A friend that's a real-estate agent looked into the property for me after finding it on zillow.

How did you finance this deal?

Paid cash

How did you add value to the deal?

Remodeling both bathroom
Paint
Flooring

What was the outcome?

In progress

1 Vote

All Forum Posts by: Calvin Atria

Calvin Atria has started 2 posts and replied 4 times.

Post: Brrr didn't even realize it!

Post: Brrr didn't even realize it!

Post: Brrr rental property

Post: Brrr didn't even realize it!