All Forum Posts by: Sean Spagnola

Any cash out refinancing options that would not requiring seasoning?

From my own research this is unlikely. At best I've seen 6 month seasoning periods. 

I am targeting properties that have been on the MLS for longer than the average. Hopefully purchase for a discounted price. I'd mortgage them. Do a light rehab to increase ARV. Refinance and pull my down payment back out to start the next. Pretty much a classic BRRR.

I'm hoping not to have my down payments tied up for a 6 months to a year before I can repeat the process.

Any help and advice is truly appreciated.

What renovations bring the highest after repair value? Best bang for your buck, so to speak?

Ideally looking to refinance and pull cash back out after rehab.

@Blake McWilliams This is great advice. I have a many reasons why I'd like to invest. But for a short answer. Financial freedom. Retirement in 20 or so years. I am after cash flow mainly. Whether it's immediate or down the road. Sooner the better of course. I have a great career so I do have time to build. I'm very open minded. So I could be interested in the Midwest market. 

Thank you for the response @Kevin Sobilo. Your thoughts make alot of sense. Exactly the kind of advice I am looking for. I like to hear other people's opinions.

Hey Bigger pockets community

I have a full time career. I've been studying real estate investing for a solid year. I am constantly consuming content. Probably more than I need. I'm a serious over thinker! Honestly I have everything in place to get myself started. But here I sit without my first property still(I've viewed many)

So another recent question I have asked myself. I had planned to slowly build an investment portfolio on my own. Buying one property or so every year or couple years.

But I recently thought. If I could deploy the same amount of up front cost to purchase an up and running portfolio.

My calculations tell me that I can be cash flowing much more if I spend the money on a portfolio or complex. Versus me purchasing each home on it own. And slowly building over many years.

Reminds of the old saying "You have to spend money, to make money"

I know I lack alot of details here. But anyone have any thought?

Look forward to hearing from you Mathew!

I'm interested in any off market deals in the upstate New York area! Single family and multi family properties. Please send any information my way.

Thank you. Have a greay day!