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All Forum Posts by: River Sava

River Sava has started 152 posts and replied 1663 times.

Post: Two tenants in SFR with ADU?

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Hi Kailas - 

Yes, you can typically rent out the main house and the ADU to separate tenants on separate leases (so long as you're compliant with city regulations/restrictions). It's similar to a triplex in that you're renting three units, however it is a single family residence with an ADU...three leases in place does not change that. Happy to connect as I'm from Boston and familiar with this market.

Post: Our Why and the Best Strategy to Acheive Our Retirement Goals

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Hey Anne – Sounds like you've got a great plan lined up. Reaching 5 doors in 5 years is definitely within reach, and focusing on the BRRRR method in appreciating markets sounds like a smart way to go. Have you started looking at specific markets yet, or are you still narrowing down your options?



Post: Mother of 2 Teen girls w/2 short ter, 1 long term, 1 fixer-upper, 2 lot and growing.

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Hey Elia - Welcome to BP!

What markets and strategies are you intersted in as you continue to grow? 

Post: Struggling to find decent hard money

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750
Quote from @Rochelle Gerber:
Quote from @River Sava:

Hi Rochelle - 

Congrats on getting started with BRRRR and fix/flip. The reason you're seeing these terms often comes down to experience. For first-time or newer investors, lenders tend to be a bit more conservative with leverage and rates because they consider experience a key factor in risk assessment.

As you build a track record of successful flips/rehabs, you'll typically qualify for better terms, like higher leverage/reduced down payments. Once lenders see that you’ve proven yourself, it can open up more favorable terms, and some might even go as high as 90% or more on the purchase. 


 hi river! thank you for the input. we actually have 20 years of experience. are you saying that after we have experience with the company? got it, if so

That's wonderful!! If you have recent rehab experience (typically within the last 12-24 months) then you typically can secure better terms. However, it is case by case. Happy to connect with you!

Post: Out of State Investor looking to do STRs near the Smokies

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Hey Chelsea - Highly reccomend reaching out to @Zach Edelman. He frequently works with STR investors in the Smokies

Post: Small but growing rental investment LLC

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Hey Ben, welcome to BP!

I'm also based in Tampa. Would love to connect!

Post: Investing In California ?

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Hey Stephanie - If you're open to STRs, they tend to perform well in Orange County. You could even consider an AirBnBRRRR strategy, which combines short-term rentals with the BRRRR method. Let me know if you're interested—I can send over some more info about the market drivers out there

Post: Excited Rookies from Seacoast NH Ready to Dive In!

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Welcome Cecily and John!

I'm from Newburyport, would love to connect with you both 

Post: Struggling to find decent hard money

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Hi Rochelle - 

Congrats on getting started with BRRRR and fix/flip. The reason you're seeing these terms often comes down to experience. For first-time or newer investors, lenders tend to be a bit more conservative with leverage and rates because they consider experience a key factor in risk assessment.

As you build a track record of successful flips/rehabs, you'll typically qualify for better terms, like higher leverage/reduced down payments. Once lenders see that you’ve proven yourself, it can open up more favorable terms, and some might even go as high as 90% or more on the purchase. 

Post: Hello All - My Introduction!

River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • USA
  • Posts 1,725
  • Votes 1,750

Welcome Connor!