All Forum Posts by: Kiera Underwood

@Bryant Francom I can only speak for my market, but making the numbers work when you have middle men is tough. Here with the right provider you can 100% do a flip or a brrr, but getting the numbers to where you want them is a different conversation. 

Sounds good. You'll just want to make sure that you don't spend too much during the rehab. I'd take a careful look at recent sales in the area, determine the ARV you're going for and then decide how much budget you have to work with. Don't forget holding costs and refinancing costs. A lot of people over-rehab during this step especially if they're doing it themselves. Make sure your projected budget is lower than what you can spend because things will go wrong.

@Logan Harrell exciting! Do you plan to refinance post renovation so that you can use some of that money to buy another? 

I understand that! It's not the method for everyone. Maybe it's something to consider next time you move! You could still get a great SFH but narrow your search to properties that have garage apartments or guest homes so you can get some secondary income. Has your plan developed at all?

@David Lorenz it's only SF. Multifamily is still 25% down. Rates are competitive though! Sub 4% with no buy down. 

@David Lorenz I'm 99% sure that it's only SF. But I will follow up. 

@Gagan P. Following up!

@Logan Harrell House hack all the way. I house hack in OKC right now. Happy to answer any questions! 

@Dustin Zenz confirmation that the lender that I see most people using is still doing 15% down conventional loans! His name is Aaron Chapman with Security National Mortgage. Happy to make an intro. Good luck! 

@Dustin Zenz The lender most of the investors that I know use was doing 15% down before corona. There were likely some point buy downs for that to make sense though. I don't think they're doing that now, but I'll check in and report back!