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All Forum Posts by: Sean Julian

Sean Julian has started 12 posts and replied 88 times.

Post: Cash out refi with high interest rates

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

My wife and I are in the same boat. We have looked at the numbers and they’re still good for cash flow. Just hard to see a jump from 2.75% to 5.675% even if the numbers work. 

Post: BRRRR refinancing issues

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42
Originally posted by @Corey Frank:

@Sean Julian single fam???


Yes

Post: BRRRR refinancing issues

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

@Shane Blackshear it is cash flowing great! $500/month on a $60,000 investment.

Post: BRRRR refinancing issues

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

Mine appraised ok but the loan value to was too low for today’s market. I’M having to wait until it appraises higher.  Should have flipped this one but hindsight is 20/20. 

Post: South Bend Property Management

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

My PM is MSBR Rentals. 10% fee but easy to work with, good with our tenant, and always responds to questions quickly. PM me if you want their number. 

Post: Refinance BRRRR with LLC

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

I found quite a few on LinkedIn. Change your profile to real estate investor and the brokers will flock to you. I had only one issue and that’s that my property appraised below $100,000 so the fees being charged made refinancing not reasonable. I wouldn’t even get enough out to buy another property let alone fix it up. 

Check out Drawbridge Capital. Bliss was wonderful to work with. 

Post: BRRRR neighborhoods in greater Houston?

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

@Jordan Payne

Elm Grove, Sherwood Hollow, Humble are good neighborhoods but lower on the price ranges.

Post: BRRRR neighborhoods in greater Houston?

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

Kingwood had some in that price range but taxes make the cash flow a challenge. Maybe a bit easier if no loan. 

Spring had some too but those needed more work. 

Post: 1st lien HELOC or cash out refi

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

Following!  Great question!

Post: Refinancing a BRRRR when the property is owned by an LLC

Sean JulianPosted
  • Rental Property Investor
  • Porter, TX
  • Posts 93
  • Votes 42

I'm struggling with the refinance portion in my LLC. Everything else about the BRRRR went great. Following this thread to see if you get some suggestions on whom to reach out to. My property is in Indiana.

Thanks!