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All Forum Posts by: Zachary Koran

Zachary Koran has started 2 posts and replied 15 times.

Post: Can I BRRRR a project with less than 25% down?

Zachary KoranPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 15
  • Votes 4

@Patrick Bavaro thank you! I am on the hunt and would love to connect to hear how you got started etc. 

Post: Can I BRRRR a project with less than 25% down?

Zachary KoranPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 15
  • Votes 4

@Elyse Simpson hi neighbor! Just sent you a message! 

Post: Can I BRRRR a project with less than 25% down?

Zachary KoranPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 15
  • Votes 4

@Account Closed Thank you great info! I am going to vet some hard money lenders to see who they work with on the refi. Also a great reminder regarding the seasoning requirements and portfolio options. Great to connect!

Post: Can I BRRRR a project with less than 25% down?

Zachary KoranPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 15
  • Votes 4

@Account Closed Very helpful and makes complete sense regarding getting pre approved for the refi first. I haven't seen too many banks that do both ( maybe it's conflict of interest) but hypothetically let's say your DTI is already at 40-50% going into a deal it seems like it could be difficult refi out? What's a good strategy then? Credit is good and cash reserves are good.

Post: Can I BRRRR a project with less than 25% down?

Zachary KoranPosted
  • Real Estate Broker
  • Chicago, IL
  • Posts 15
  • Votes 4

@Grant Thompson Thank you! This is what I thought. Question - is one flip, currently own one investment property, and a full time broker enough " experience?"