All Forum Posts by: Travis M.

I feel like I can not find relevant information on this all important step in the brrrr method. Who is repeatedly lending on these newly renovated and rented properties? Are they making me wait 6-12 months? Even if I buy cash? Are they giving me 40 50 60 loans or do I need to keep finding new lenders once a bank decides they had enough exposure to my company. (working in New Jersey)

It's in the company's name, thank you for the suggestion of posting in New Jersey forum for local lenders... Just looking for that good strategic partner to grow with us the refi portion of the equation is such a key factor.  Need something quick easy dependable and scalable 

and what are typical terms ? 15 year fixed? 70% LTV?

with what lender?  Traditional banks not touching these kinds of deals 

Ok, so we have a fully functional operation going sourcing, flipping and selling homes. I want to start to build wealth using the BRRRR method instead of selling the homes. Looking for some more insight as to how to immediately re-fi out of renovation after project is complete and tenant is in

We do not need money to source or renovate the homes just to refinance out of them as soon as we have a tenant in.  

Possible? Thoughts? Can anyone suggest a lender to work with? 

We are in NJ 

Im looking for good excel templates reviewing overall and long term strategy / benefits of buying and flipping vs buying flipping and holding?   Can anyone provide some insight? 

Who is everyone using for insurance? Going around in circles here, have a three unit building in south amboy area looking to insure, going to house hack and live in one of the units.  Who do you recommend for insurance? 

think i finally got to the bottom of it, i took a look at the rent agreements which were finally sent to me, seems like the owner rents the units to the leasing company, and the leasing company then has a separate lease to the current tenants, which of course, they are not letting me see, but that is OK because I can analyze the deal based on the numbers the leasing company is paying and know that when their lease is up I can rent the property for more if not the same figures ??

well that iss the other red flag, the seller on their listing is writing what the rents are and then calling it the "potential gross income".  Mind you the owners of this property have thousands of properties they are no amateurs.  So they give rent figures but call them PGI and then throw in this BS about the third party lease agreement....meanwhile I am just trying to lock down what the exact rent prices are 

thanks guys, thought so