All Forum Posts by: Benjamin Voorhis

What are typical terms for private money investors? I know that all of this is very relative to the location, the properties invested, the perceived risk etc, but Im starting to look for private money on short term investment loans (so I can BRRRRR them) in which I will refinance and pay them off. We have good credit, money saved, investment experience etc, but I was thinking offering 14% and then moving to 12% on the deals, but not sure if thats too high, any thoughts? Thanks!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $154,000
Cash invested: $35,000

Bought a fix and flip and turned it into an airbnb

Investment Info:

Single-family residence buy & hold investment in Grand Prairie.

Purchase price: $119,000
Cash invested: $10,000

Our first primary residence, we now use it as an investment property!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $290,000
Cash invested: $35,000

House we bought to house hack. We airbnb the other side.

Investment Info:

Single-family residence buy & hold investment in Ft Worth.

Purchase price: $69
Cash invested: $32

house needed everything done, small house in hopefully up and coming area.

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

Want buy and hold real estate

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

wholesaler

How did you finance this deal?

BRRRR

My wife and I own a couple rentals, my partner and I own a few rentals as well. We are BRRRR ing our first property and I really like the strategy. I’m curious how people here felt about pulling from retirement accounts to dump into real estate? I know all the penalties and tax issues, I still think it’s worth it in the long run but was wondering other people ideas on it.

Michael, do they use the new appraised amount? And if so what is the ltv ratio?   Thanks for your time and help! 

Thanks Melvin, appreciate it

Looking to find any commercial bank that will cash out refi to an llc after an all cash and rehab purchase.  having trouble finding any that don't require a long seasoning period.   I'm sure there has to be one in the dallas area! 

Thanks! 

Thanks Andrew for the information.  Ive been calling some banks around the area.  Feel free to reach out to me.  Thanks man.