All Forum Posts by: Richard Ruedas

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $180,000
Cash invested: $225,000

Current flip. Purchased off market for 180k, EST rehab 40k, EST sale price 279k. Will update

What made you interested in investing in this type of deal?

Large lot, value add potential, right price point

How did you find this deal and how did you negotiate it?

This deal was acquired off market through a lending partner.

How did you finance this deal?

All cash

How did you add value to the deal?

Full kitchen and bathroom remodel, new floors, drywall, interior and exterior paint, landscaping, and misc.

What was the outcome?

currently in the rehab phase. See Facebook and Insta for video updates.

Lessons learned? Challenges?

in process...

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes. I am an agent licensed in Arizona and work primarily in Mohave County AZ. If you have any questions or need assistance, please feel free to contact me.

Thank you for all the recommendations and comments. I spoke to my current DSCR lender that I use for long term purchases and they have a minimum loan amount of 100k, but the fix/flip projects we are working on will have an ARV of 100k or less.

Do any of you have experience with DSCR Loans or cash outs under 100k?

I will definitely connect with some of you and others to see what else is available.

Thank you again.

Looking for general information or advice on using DSCR Loans as a cash out refinancing. If you have used this option before or are a lender who has helped clients with this type of product please comment.

I am looking at using this type of loan for BRRRR projects and would like to see if it's a strategy that could work.

Looking for general information or advice on using DSCR Loans as a cash out refinancing. If you have used this option before or are a lender who has helped clients with this type of product please comment.

I am looking at using this type of loan for BRRRR projects and would like to see if it's a strategy that could work.