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All Forum Posts by: Jesse Jaramillo

Jesse Jaramillo has started 3 posts and replied 4 times.

Creative Real Estate Financing

Post: BRRRR Refinance to get your deposit back. Free money?

Jesse JaramilloPosted
  • Albuquerque , New Mexico
  • Posts 4
  • Votes 0
Hey guys, I hear about the brrrr method and refinancing to get your money back. But I am not sure how that process works. Say you buy a property for 100k, 10%down. So 90k financed. After upgrades and rehab it’s appraised at 200k. You refinance.. does that mean they wright a whole new loan for the other 110k value added? Do they cut you a check? Thanks.
0 Votes
General Real Estate Investing

Post: Are these rent returns normal?

Jesse JaramilloPosted
  • Albuquerque , New Mexico
  • Posts 4
  • Votes 0
Hey thank you. I just bought a house a few months ago with an fha loan and didn’t think about the different types of loans that would be different for investment properties. That’s why I’m asking questions! Appreciated.
0 Votes
General Real Estate Investing

Post: Are these rent returns normal?

Jesse JaramilloPosted
  • Albuquerque , New Mexico
  • Posts 4
  • Votes 0
Hey guys. After reviewing some properties i believe I can get rented, after factoring in the mortgage I’m assuming I will only be profiting around $200. Is this pretty common? This is with minimum down (3.5%) and keeping rent close to comps in the area. Thanks!
0 Votes
General Real Estate Investing

Post: Are these rent returns normal?

Jesse JaramilloPosted
  • Albuquerque , New Mexico
  • Posts 4
  • Votes 0
Hey guys. After reviewing some properties i believe I can get rented, after factoring in the mortgage I’m assuming I will only be profiting around $200. Is this pretty common? This is with minimum down (3.5%) and keeping rent close to comps in the area. Thanks!
0 Votes