All Forum Posts by: Shuvrajit Mukherjee

I am new to investment, and I want work on BRRRR strategy. I made my first purchase, rehabbed and now it's rent ready. But I find it very difficult to refinance without an LLC. I am here on H1b visa, and according to my lawyer, forming an LLC solely in my name will be seen as violation of the status by USCIS. However if I could form an LLC where someone else is a "manager", and I could be the member. That way it can be shown that I am only an investor in the company, and not working for it.

I wonder how others on H1b has gone around it? Also would love to know if someone ho is a citizen would like to partner along?

Is there any lender who does not require an LLC at closing?
ARV should be around 110-120k, and looking for 70% LTV

I am looking for lenders who provides refi 

- with dscr, 

- without any seasoning(or very less time period)

- 75% LTV

- and no minimum loan requirement.

The properties I'm looking to refi, has ARV in the range 85-110k.

Looking for Hard Money lenders with no minimum loan amount.

Most of the lenders I'm talking to have a minimum 50k As-is purchase price requirements. But most of the distressed properties that I find as a good deal are in the 40-60k range.

I plan to fix and hold. I have no prior experience, but I have good credit score (800+).

I am looking for lenders with 100% rehab financing and 80% LTC for purchase, with 6-12months terms. If the lender does refi without any seasoning down the line, that's even ideal.

Thanks for your inputs everyone

I am planning to get my first SFR and have been talking to different Turnkey providers. Has someone done business with Revive Asset Solutions in Cleveland area?

I am getting mixed feelings, hence looking here to get a second opinion.

Hi All,

I plan to invest in SFH in Cleveland area in next few quarters.

This is what I plan to begin my search with:

Type: SFH

Price: Under 85k

Rehab: Light rehab, like fixing walls/paints, floors, painting kitchen cabinets, minor repairs etc

Finance: Should be appraised for at least the selling price or more

Neighborhood: C class or better

Appreciation: Not interested

Cash Flow: 150-200$ pm

Permit: No permit violation

Tax: No tax backlog

(I am willing to go up to 125k, if the property is Turnkey and meets other criteria.)

If you think no properties will fit these criteria in Cleveland, please share your insight, this will help me align my criteria better.

Thanks all. Happy investing