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All Forum Posts by: Joye Meinsen

Joye Meinsen has started 2 posts and replied 3 times.

Buying & Selling Real Estate

Post: How do I find duplexes and quads in St. Louis/St. Charles metro?

Joye MeinsenPosted
  • Farmington, mo
  • Posts 3
  • Votes 0

What is the best platform for finding duplexes/quads, for a house hack, in the St. Louis Metro area?

0 Votes
Creative Real Estate Financing

Post: Need advice about BRRRR non-conventional financing

Joye MeinsenPosted
  • Farmington, mo
  • Posts 3
  • Votes 0

He would like to invest cash in our business and allow us to buy his house for him and put it under management. Then we could refinance and BRRRR. He would be a "renter" but we would pay him for financing the first buy. Each new house would be the collateral for his investment so the risk is less for him. Does this even make sense?

0 Votes
Creative Real Estate Financing

Post: Need advice about BRRRR non-conventional financing

Joye MeinsenPosted
  • Farmington, mo
  • Posts 3
  • Votes 0

My Uncle and Aunt want to buy a house and we want to use BRRRR to start a rental business. What are the best options for using his money to buy the house, refinance and still keep his risk low? He likes to invest in CDs at the bank! Yikes. He would like the house to be collateral but then we wouldn't be able to refinance. Could the 2nd house be used as collateral, and the then the third, forth and so on? Not sure if this is feasible.??? I want to make sure he is safe financially as he is 84 and I'm sure he is concerned about the money for his wife if he was to die.

0 Votes