All Forum Posts by: Joe Jensen

Does anyone have some partnership agreement i could look at?  i'd like to see how the forms are done and how the deals are structured.  

josephfjensen @ gmail . com

Thanks

@Andrew Postell you have any lenders in mind. the plan is to buy cash and then so delayed financing. purchase price and repair costs is still a lot less than the ARV or appraisal.

the lenders i'm talking to are sayin that they'll cash out on the appraisal or purchase price whichever is lower.  This doesn't work, how do i get them to lend on just the appraisal price after repairs without having to wait 6-12 months

So when you do the refinance part of the BRRRR do you typically have to wait 6 months to do the cash out refinance?

i know theres such thing as delayed financing, do people use that?

whats the best route for refinancing ?

right now i have a private loan (owner financing) for a condo in St. George Utah.  

I owe 19k on the property and my interest rate is 4.8%

If i go get a loan through my credit union i can probably get a 3.8% and my private  lender said he'd give me an early payoff discount of $3,500.  So i'd only be financing 15,500 through my credit union.

I'm already 4 years into the 10 year loan with the private lender.

is it a good idea to refinance through an institution and take the lower principal and lower interest rate?

or should i keep the loan i have?

If you think i should refi what kind of loan should i get? a 30 yr? 20 yr? 10 yr?