All Forum Posts by: Dana Sarcona

Hi all - so I want to get into the buy, rehab, rent, refinance, repeat method of real estate. I have found single family homes in the area in which I am looking that need proper work. Here is where i get confused. On the refinancing part. I have listened to the BRRR podcast and have started to read the book on it.

My question is: HOW am i financing the FIRST sale of the home that needs rehab. Is this through a hard money lender? Can it be through a traditional lender with a down payment - though I don't have so much saved so down payment will be low.

But then you get to the refinance portion - where in the podcast they said the bank or the lender will finance you 75% of the new reassessed value of the home. So...they just give you cash to go buy another one? But don't you ALREADY have a loan with them that you have not paid off yet?

Does the BRRR method only work if you are using hard money or have full cash to buy the place yourself? So that you can THEN go to the bank and borrow a lump sum?

Very confused but have found a few places I love so would love some answers asap. Thank you so much, 

Hi all - so I want to get into the buy, rehab, rent, refinance, repeat method of real estate. I have found single family homes in the area in which I am looking that need proper work. Here is where i get confused. On the refinancing part. I have listened to the BRRR podcast and have started to read the book on it.

My question is: HOW am i financing the FIRST sale of the home that needs rehab. Is this through a hard money lender? Can it be through a traditional lender with a down payment - though I don't have so much saved so down payment will be low.

But then you get to the refinance portion - where in the podcast they said the bank or the lender will finance you 75% of the new reassessed value of the home. So...they just give you cash to go buy another one? But don't you ALREADY have a loan with them that you have not paid off yet?

Does the BRRR method only work if you are using hard money or have full cash to buy the place yourself? So that you can THEN go to the bank and borrow a lump sum?

Very confused but have found a few places I love so would love some answers asap. Thank you so much, 

Hi all - so I want to get into the buy, rehab, rent, refinance, repeat method of real estate. I have found single family homes in the area in which I am looking that need proper work. Here is where i get confused. On the refinancing part. I have listened to the BRRR podcast and have started to read the book on it.

My question is: HOW am i financing the FIRST sale of the home that needs rehab. Is this through a hard money lender? Can it be through a traditional lender with a down payment - though I don't have so much saved so down payment will be low.

But then you get to the refinance portion - where in the podcast they said the bank or the lender will finance you 75% of the new reassessed value of the home.  So...they just give you cash to go buy another one? But don't you ALREADY have a loan with them that you have not paid off yet?

Does the BRRR method only work if you are using hard money or have full cash to buy the place yourself? So that you can THEN go to the bank and borrow a lump sum?

Very confused but have found a few places I love so would love some answers asap.  Thank you so much, 

HI all,

I am looking to invest in some property. strictly for investment purposes in NJ. Hudson or Bergen County. I would like to purchase a condo (MAYBE - single family home, but let's discuss condo first) that has the most appreciation value at this point. In your opinions - what is the next town that is about to boom for NYC commuters since hoboken and jersey city are expensive now. What I am really looking for is something I can renovate and buy on the low. Regardless of this however - in everyone's opinion... where shall i start looking? Cliffside park?Palisades Park? Union City? Does JC still have room for growth in the heights or Journal square?

I want to buy something, renovate it, rent it out, wait a few years for appreciation and then boom sell and move on to the next. woud love some advice here. Was about to close on a condo in Edgewater NJ but it was an amazing luxury building, though needing renovation (the unit) the monthly maint was KILLER for me, i would have had to PUT money into it every month even with a renter. thoughts please!!!

thnk yoU!

HI all,

I am looking to invest in some property. strictly for investment purposes in NJ. Hudson or Bergen County. I would like to purchase a condo (MAYBE - single family home, but let's discuss condo first) that has the most appreciation value at this point. In your opinions - what is the next town that is about to boom for NYC commuters since hoboken and jersey city are expensive now. What I am really looking for is something I can renovate and buy on the low. Regardless of this however - in everyone's opinion... where shall i start looking? Cliffside park?Palisades Park? Union City? Does JC still have room for growth in the heights or Journal square?

I want to buy something, renovate it, rent it out, wait a few years for appreciation and then boom sell and move on to the next. woud love some advice here. Was about to close on a condo in Edgewater NJ but it was an amazing luxury building, though needing renovation (the unit) the monthly maint was KILLER for me, i would have had to PUT money into it every month even with a renter. thoughts please!!!

thnk yoU!