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All Forum Posts by: Zach Rozmarniewicz

Zach Rozmarniewicz has started 4 posts and replied 9 times.

Post: Private money and BRRRR method

Zach RozmarniewiczPosted
  • Detroit, MI
  • Posts 10
  • Votes 0

Has anyone used private money with the BRRRR method? Looking to do a few deals, but trying to preserve capital at the moment (wedding in a few months, purchasing new house, etc.). How are these deals with the lender typically structured? Is the refinance process the same once I find a small bank? Looking to pick someone's brain to make sure I understand what I am getting myself into.

Thanks!

Hi friends,

Wanted to reach out to y’all and see if you had any good advice that you could give to a first time flipper like myself. Working on buying my first house to flip and was wondering if anyone had any do’s and don’ts that they have discovered over various flips. Any advice is appreciated!

Thanks in advance!

Post: Contractors in Metro Detroit

Zach RozmarniewiczPosted
  • Detroit, MI
  • Posts 10
  • Votes 0

Looking to connect with contractors in the Metro Detroit area to ask some general questions. Thanks!

Post: Finding a rehab/renovation loan

Zach RozmarniewiczPosted
  • Detroit, MI
  • Posts 10
  • Votes 0

@Brandon Cline awesome I will check him out. Thanks!

Post: Finding a rehab/renovation loan

Zach RozmarniewiczPosted
  • Detroit, MI
  • Posts 10
  • Votes 0

@Christopher Smith the house is in the metro Detroit area so unfortunately wouldn’t apply :(

Thanks for the info though!

Post: Finding a rehab/renovation loan

Zach RozmarniewiczPosted
  • Detroit, MI
  • Posts 10
  • Votes 0

@David M. I was looking into a Homestyle loan but did also look into 203k and yeah as you said they are on hold right now

Post: Finding a rehab/renovation loan

Zach RozmarniewiczPosted
  • Detroit, MI
  • Posts 10
  • Votes 0

@Stephanie P. Thanks for the reply! Yeah I am aware of hard money, but aren’t rates usually crazy high?

Post: Finding a rehab/renovation loan

Zach RozmarniewiczPosted
  • Detroit, MI
  • Posts 10
  • Votes 0

@Will Gaston I have not. I spoke with a few mid-size lenders and they all pointed me to larger lenders but I had no luck there. I will definitely check out some local banks/credit unions today. Appreciate the advice, Will!

Post: Finding a rehab/renovation loan

Zach RozmarniewiczPosted
  • Detroit, MI
  • Posts 10
  • Votes 0

Having the hardest time finding a rehab/reno loan. Does anyone have any suggestions as to where I could go? It seems like most lenders are not giving them out right now