All Forum Posts by: Logan Kirchhoff

@Bret Treadway 

How did it appraise  for 121k but after 20k in rehab will only be worth 127k?

@Bret Treadway

What's the ARV after your 20k in repairs?

@Lydia S.

Thanks for taking time to respond!

I recently used a hard money loan to acquire my second rental, in the process of fixing it now for a cash out refi. The 4 plex we are moving into is already nice and fixed up so theres not much room for any added value to make a refi/hard-money-payoff make sense. I do think I have found a lender who can help me out though!

I'll be starting my new career as a realtor in October. First thing my wife and I want to do is buy a 4-plex and house hack our way to financial freedom. My current occupation is sales and but I'm told I still need to prove myself as a realtor as a full 24 MONTHS before FHA will touch me for a loan.. what are my options??

I'll be starting my new career as a realtor in October. First thing my wife and I want to do is buy a 4-plex and house hack our way to financial freedom. My current occupation is sales and but I'm told I still need to prove myself as a realtor as a full 24 MONTHS before FHA will touch me for a loan.. what are my options??

@Clifford Paul

How do you phrase that to one of these small lending companies?

@Alexander Felice

Thank you all for the feedback, looking for private money now, wish me luck!

@Matt Devincenzo

You're confirming that I need to buy it Cash first then correct?

@Jerry Padilla

Thank you very much, looks like I'm stuck with this one for 6 months then haha! That's one huge advantage to Hard Money of which I was unaware. Thanks for the guidance. I'll have to use hard money next time instead of a construction loan like I did this time. Time to reach out to some hard money lenders!

New to the game, I have two single families so far. Went conventional on the first with 25% down got creative with a construction loan to fund the second this month. How are you guys refinancing in such quick time frames? All 4 lenders I've gone to said 6 month minimum. Without the ability to finish BRRRRing these 2 properties I'll be at a standstill for 6 months. Please help!