All Forum Posts by: Ramel Ruffin

Ok thank you! I just received the email I’ll be in touch 

Excuse my ignorance what is an unsecured loan?

I am definitely interested thank you

Are you a hard money lender?

No not yet

Hello I was hoping someone knew of any hard money lenders that will loan on a 5+ unit property that has a price tag as low as 100k 

For long term rental, the hard money lender I had do as low as 400k for 5+ units he said there’s others “hard money lenders” who would do it that low.

Thanks in advance the property needs a little work but nothing too big things I can fix and pay out my own pocket 

Hey Devin, thank you for your response, but you kinda answered my question let’s take out the fact that I am purchasing a triplex building. I’m just wondering how to go about pulling equity out or rather building equity up to do a cash out refinance

Hello I am looking to purchase a fully occupied triplex apartment building. I was wondering with the building fully occupied is that already considered equity in the property so for example 3 units pay 1,000 for each unit grossing 3,000 a month (36,000) a year would that be already 36,000 in equity? And if so would I be able to do a Cashout refinance like people do with the BRRRR Strategy?
thanks in advance

Thank you my friend for your informative response I am looking to get into this! Thank you so much because I couldn’t find anything on this subject 

But do the house has to be ALMOST identical?