All Forum Posts by: Trey Prince

Looking to do a cosmetic rehab for a two family and get some tenants with strong rents in there before refinancing. I don't want to spend more than I have to but I do want a strong ARV. What should I focus on in the units in efforts to get a good appraised value.

I was thinking about developing a relationship with a private appraiser in efforts to get firm numbers for a cash out refi before I even close on the property. Has anyone ever done this before ? 

Good morning @Mindy , I don’t see anything saying I’m officially banned but my private messages don’t seem to be going through. I can’t even see that I’ve sent the message. I appreciate the help if possible.  

@Andrew Freed - That sounds great. I'm going to try my best to make my way out there. Eventually I will definitely take advantage of a HELOC- great way to leverage. Would love to chat it up on a quick call. I will connect with you via inbox. I appreciate the insight and wish you the best of luck in building your portfolio.

6-12 months is a very important factor . Thanks @Steve 

That’s very true. Most of the time in this area it would have to be an off market deal, which is fine . It’s tough cause even when the numbers do make sense, contractors can pick and choose which jobs they want because there is so much work around. I think my next move will be to continue to work on a system that finds these good deals. That way i can have room to choose refi and flipping. @pablo thank you for that ;  I will def reach out . 

Looking to scale my multi family portfolio. Starting flipping houses and using that property to acquire rentals. However, scaling by refinancing seems more appealing because I can have full control of the project: as opposed to moving on an overwhelmed general contractor’s time. Any thoughts from investors on how I could improve my approach. Currently in the western mass area by the way.

Looking to scale my multi family portfolio. Starting flipping houses and using that property to acquire rentals. However, scaling by refinancing seems more appealing because I can have full control of the project: as opposed to moving on an overwhelmed general contractor’s time. Any thoughts from investors on how I could improve my approach. Currently in the western mass area by the way. 

@Stephen Brown makes sense Stephen thank you !

@Cassidy Burns thank you Cassidy… so good debt won’t hurt !