All Forum Posts by: Jessica Frasier

Welcome to BiggerPockets! 

If you want to accelerate purchasing a property, consider raising the money from other people. There is a lot of information about that in this forum.

Congrats @Gino Barbaro! What a great way to end the year.

@Steven Leigh Thanks for the reply. I'm sending you a PM now.

Hello everyone! 

I just wanted to see if there are any brokers on BP who specialize in large (50+ units) multi-family properties in Dayton, OH. I would love to connect to discuss my investors' criteria and return expectation in more detail. 

Thanks!

Thank you for the replies so far! The part about the asset classes is a great starting point. I'm looking up books to help me gain a good foundation.

I want to learn how to raise private capital with partnerships and JVs. I'd love to hear how how others on BP got started with raising  private capital from investors, not just family and friends.

Do you have any advice for someone starting out?

Michael Cohen my apologies for the confusion. I only wanted to know if it was possible to do a rate/term refinance. The lender I am using told me it was fine to use a loan as part of my down payment. I specifically asked, but I will confirm why they allow it.

Michael Cohen I should have clarified, I meant in 6-12 months. I learned about cash out refinancing where you need to increase the property value due to the 70-90% LTV. Is that the case if I don't need to do a cash out refinance?

Hello BP, I am still figuring out financing for a 4-unit turnkey property I have under contract (for buy and hold). I wrote in a previous post that my lender increased the down payment required for purchase and I don't have it. I was approved for a personal loan to make up the difference. Is it possible to purchase the property through a conventional mortgage, personal loan, and my own money and then immediately refinance so I can pay back the personal loan?

Thanks for the suggestion. Unfortunately, none of my friends or family have that kind of capital. But I will look into a PML.