All Forum Posts by: Lawson Nesbitt

just curious why is it so tough to get funds back and cash flow when you rent right now ? 

is it the rates ? or just the market in general ?

 After reaching the 10 limit what are other options for refinancing out of deals ? 

I am new to CRE and would appreciate any guidcance you may be able to offer!

Heys guys,
quick question. is their a limit to the amount of multifamily properties you can refinance with the bank?

Say you get a private lender for 100k then you buy a duplex for 75k (hypothetically) and put 25k into it and it appraises to 155k. You can now refinance up to 70% with the bank and pay back your private lender the 100k (plus interest). Then you keep the cash flowing property using the tenants to pay the refinanced loan with the bank.

1. My question is this, is there a certain number of properties you can refinance with the bank? like if the deals are all working could you do this strategy forever or eventually will the bank not allow you to refinance anymore properties ?

Thanks for any help!

Thanks for the response elliot!

quick question. is their a limit to the amount of multifamily properties you can refinance with the bank?

Say you get a private lender for 100k then you buy a duplex for 75k (hypothetically) and put 25k into it and it appraises to 155k. You can now refinance up to 70% with the bank and pay back your private lender the 100k (plus interest). Then you keep the cash flowing property using the tenants to pay the refinanced loan with the bank.

1. My question is this, is there a certain number of properties you can refinance with the bank? like if the deals are all working could you do this strategy forever or eventually will the bank not allow you to refinance anymore properties ?

Thanks for any help!

I've read that by using the brrrr strategy you can acquire around 2 properties per month using this strategy but how is this possible if your using the same money and you have to wait for 6-12 months to refinance your money out of a deal into another brrrr ?

Any help would be greatly appreciated!

Curious how many properties can you acquire a year using the brrrr strategy ? is there better strategies to acquire more units quickly ?

Lets say you have 150k to start with. and a private money lender that will keep supplying if the deals are good. whats the best path ?

I bought a property with great location in charleston, SC. The property is a 5min drive from the beach and is close to a giant apartment complex. I was originally going to make this property a hotel, but then the cities regulations changed on me and I can no longer do so... does anyone have any ideas on what I could put on this property ?