All Forum Posts by: Luke Grieshop

Thank you all for the input! Apologies, it's been a couple of weeks since logging back into BP. I have been calling on many lenders, and what some of you have mentioned here holds true - commercial loans have been an option with no seasoning, while residential it's much more difficult to hunt down. 

Isaac, would love to chat with you about the residential loan you've secured. Feel free to DM me!

Thanks again to everyone for your insight, it is super valuable!

Does anybody have suggestions on potential Cash-Out Refi products that have no seasoning period? Specifically in Ohio? I've called many lenders at this point, but unfortunately no luck. Your help would be more than appreciated!

Thank you all! This is more than helpful advice and insight. Really appreciate it 

Thanks again, @Carl Fischer that is very helpful. Gives us a good idea on what fee we're looking at right now. In case you know the answer to this, I do have one more quick question, as it sounds like you're familiar with these things. In a real estate investing, single family 50/50 partnership, do you have any insight into whether it is more advantageous to setup an LLP as opposed to an LLC? Essentially I purchase the asset in cash, and my realtor-partner is responsible for funding repairs and overseeing the project. We then get financing once improved and split all expenses, income, and equity on the rental 50/50.

@Moises R Cosme thank you for your input on this!

@Carl Fischer - I greatly appreciate the level of detail and advice here. You clearly have some experience or put a lot of thought into this matter. Thanks a ton for sharing!

For anybody who has experience working with real estate attorneys in regards to forming a partnership, can you share a rough estimate on what they charged you per hour? My partner & I are looking setup an Operating Agreement that lays out our BRRRR partnership details. Overall a pretty straightforward partnership with nothing overly complicated. Would love to hear any opinions on the matter and value (or lack thereof) you've seen.

Hey all! Would love your input on some top books - business or real estate. Ideally these could align with scaling an out of state BRRRR business. I'm almost finished up with David's BRRRR book, and have Raising Private Capital in the pipeline. As for a business-related, Atomic Habits by James Clear is also in the pipeline. I've read a handful of both business and Real Estate books, but would love to hear any suggestions that could specifically help in my scenario. Thank you!

Thanks for noting, makes perfect sense. Thank you!

This may be a silly question...and maybe it doesn't make a difference either way? I'm wondering if anybody out there doing direct mail includes a return address? Would love your thoughts!

@Brandon Goldsmith Thank you! I'm actually going to delete this post, because it looks like a duplicate was created. I'll private message you & connect.