All Forum Posts by: Richard M Rajchel

What do you mean non-full-amortized loan? Like an adjustable rate?

Secondary market as in hard money or other investor types?

Do they exist? Any recommendations for local banks or other institutions with the possibility of 80% LTV loans on investment single family,duplex, triplex, or 4 unit properties?

I've purchased a home and am slightly familiar with the closing process from a traditional sense. With a cash deal how are things different? Do I have to do my own title search/tax lien search, flood plain search, etc... since there is no bank or mortgage company doing those things or is that the responsibility of the agent? Should I hire a real estate attorney for the transaction? All of the above?

Any help would be appreciated. I've done a ton of research and am ready to pull the trigger or at least start making offers, but I am quite cautious about the legal aspects of the actual transaction etc...

I'm a new investor with an LLC, about a year of research and practice underwriting/analyzing properties. I am focused on BRRRR to start out and it seems to me there are a number of upper/lower duplexes in my area(Wisconsin) that seem to work out very well number-wise if I just purchased them outright and got some leases in place and financed them. I would however like to BRRRR them and while I have lots of people to lean on for financing, contracting, and getting mostly accurate numbers on the front end, I'm having trouble looking for comps to price these properties out for ARV.

Do I compare them to similar single family homes(4 bed, 2 bath, 1750 sq ft. 2 stall garage)? Do duplexes comp out differently? Any help would be greatly appreciated. Many of the properties I'm looking at are in small towns of like 10,000 or less population so there isn't a lot to pick from for comps.