All Forum Posts by: Derek Rhodes

Hi Everyone,

Wondering how many properties I can have financed at one time. I have heard 4 and I have also hear 10.

Then my next question would be what do you do once you have reached the limit to keep going?

Thank you in advance for your help!!

@Ron Brady what paperwork do you need to have in order to show the loan between the LLC and yourself?

@Ron Brady very helpful!! Thank you!!

I am wanting to learn more about the restrictions on financing more than 4 properties at a time. But Fannie Mae says that we should be able to finance up to 10 properties.

Is that just with the same lender or how does that work?

Any light anyone could shed on this subject would be great!!

Thank you in advance!!

I have just purchased my first Brrr property and am wondering what strategies are out there to get around waiting six months to refinance and get my capital back out of the project.

I talked to a lender that will finance earlier, but only uses 5 year balloons and with the market the way it is I am not sure I want to go that route.

I also found that I can do a delayed financing and get my initial purchase price back right away, but am concerned about having to pay closing costs twice. Once on the delayed financing and once when we would refinance for the total investment (purchase price plus rehab cost).

Any suggestions would help!!

Thanks Chris

Also I believe if it is financed there is no seasoning period because the banks consider paying off a previous loan. 

Is that correct?

Hi Everyone,

I am pretty new to this and just wondering why you have to use all cash to make the BRRR method successful. Could you not get the same result from normal 25% down with 75% financed.

For example if I bought a $100,000 property with $25,000 cash and $75,000 borrowed. Could I not still put an additional $25,000 in to rehab the property making its new appraised value $175,000 and then refinance at that point for 75% of the LTV. Taking out the new loan for $131,250 where I would pay off the previous loan of $75,000, pay myself back the $50,000 cash I invested, and profit $6,250 on the deal.

Wondering why it has to be all cash and what I am missing. Thanks for your help!!

Thank you for the feedback. Are there any set numbers you look for. Rental income per month to total all in cost?

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