All Forum Posts by: Jofre Olivero

Thank you gentlemen! @Jay Hurst @Matthew Crivelli 

Hello dear investors, 
I have a questions regarding "Refinance" of the process BRRRR.

I assume this part of the process is done with a financial institution and that there are credit metrics to meet to get this REFI done. Lets say the investor didn't use credit or anything related to credit metrics to buy the property (maybe own cash, OPM or HL, by the time the "refinance" part kicks is, what happens if the owner has credit issues and the financial institution won't proceed? you get stuck in the middle of the strategy? 

I appreciate your inputs. Thanks!

Hi Joshua, 
I'm glad you posted this, since I'm actually into that position right now. I'm a total newbie to BP and RE investing in general. I have studied and currently reading some of the books from BP but I haven't made my 1st move since I feel clueless on how to start and I don't have the resources neither. However, recently a good friend of mine from church (who happens to have an extensive experience in RE) offered me to partner up to help me start and without me having to put any money, just asked me to contribute to him by finding a low cost deal, help with the process and he promised me to split profits equally if either selling or holding. I am so grateful for the opportunity he is giving me but I'd like to add him more value, like you mentioned on your post. 

By the way, I see you are located in Cleveland. My friend told me that Cleveland is a good place to start. Would you help me add some value by sharing some locations, opportunities and any tips you can provide for me to be able to accomplish this and start my journey?

Thank you!