All Forum Posts by: Denver Chavez

Hello,

My partner and I just bought a property in Memphis, which we acquired through a private short term loan. We want to BRRRR this property, so we plan to rehab and then refinance into a conventional loan. We would like to find lenders who's loan minimum is 75k, but more importantly we are trying to figure out a way to avoid the 6 month seasoning period. Does anyone have any recommendations for lenders who work with BRRRR investors or any creative solutions to avoid the 6 month seasoning period?

Thanks

Hello BP community,

My partner and I are currently in the process of closing on our first investment rental in the Memphis area. We plan to use a PM to handle the day to day. However, we want to see if anyone knows anything or has any experience renting a property through a government assistance program or Section 8. The pros and cons of opening that up as a potential client base.

Thank you!

Hi BP!

Has anyone had any experiences working with contractors in the Memphis area? Looking for a company that can handle a decent size project on a single family BRRR remodel.

Thanks!

@James Wachob thanks James. We will be in touch very soon!

Thanks Reed! Appreciate you reaching out

 Hi BP community!
Does anybody have any good recommendations for, or have any good experience with a hard money lender that will lend to investors with minimal experience? Thanks!

Jonathan Dickerson, 

Thanks for the insight, you make some very strong points and we will definitely be taking your advice and drafting up an agreement between the two of us.

Thanks Kelly Dornink,

I'll have to do some more research, but I agree in that I think its important to have my piece of mind on this one. 

Thank you for your input

Hi Terri Wyzkoski

Thank you for the response. ZenBusiness seems like it would check the boxes of convenience and also making sure it gets done properly. 

I was listening to a podcast recently where the speaker (who was a lawyer), said something about how often new clients come to him to fix "LegalZooms mistakes" when it comes to LLC's. Not knowing much about the process, this had me a little worried that I needed to seek out the best lawyer possible if I wanted an airtight LLC.

Your input is much appreciated!

Thanks Andrew,

I've been diving deeper into the hard money avenue. Seems like that is the best bet when it comes to the BRRRR strategy. I'll keep looking at other ways to get creative as well. Thanks or the info!