All Forum Posts by: Christian Locke

Hello, 

I was hoping to learn from any one who may have been doing the BRRR model on multifamily properties (4 units). Specifically around doing the finance piece. I know Multi family vs. Single Family homes ARV calculations differ based on the units income. But, ultimately trying to learn more about:

-What is the best way to calculate the ARV with or without tenants (since we want to cash out refinance immediately since we will be using OPM) and it be imperative to refinance asap.

-Is there any difference in seasoning periods?

-Do you need to be prepared for longer holding costs when doing a BRRR on a multifamily vs single family?

- Is there any differences in the % value you can cash out?

- Do costs differs?

If any one has experience conducting these type of deals or experience in financing them it would be great to hear from you. 

Thank you for your time. 

Hello, 

Just wanted to reach out to the greater BP community to try and connect with any one who may be familiar with doing a VA 100% LTV Cash Out Refinance. I just stumbled across this while doing some research and wanted to learn about:

-If this is a real thing?

-How does it differ from a convention LTV?

-Is there a limit on the number of VA LTVs you can have?

-If you have a VA mortgage already does this cause a mess?

-How can you then refinance the VA LTV, if you are only allowed one VA LTV to free it back up? Will another bank refinance a LTV?

-Are there any differences or things to watch for when using this for BRRR model with Multifamily?

I am not sure how common this tool is leveraged since you would have to be a veteran and a skilled real estate investor to have had experience using this. If any one has any knowledge on the topic it would be great to hear from you. Either a vet/real estate investor or  lender. 

Thanks.

Hi Alex, I was looking at this neighborhood in Philly and see opportunity but have some concerns. I was curious to know if your experience has been positive thus far and if you are using a property managing company. It would be great to hear how it is going now.