The broker’s expertise in structuring these documents can significantly enhance the investor’s chances of obtaining the necessary funds.Communication is another cornerstone of a successful partnership between private money brokers and real estate investors.

I'm sure the numbers look bad, and they think they can improve them, reno and increase rates by 25-30% and that is the business plan. 

This means the neighborhoods that have the greatest chance of shifting to home owner neighborhoods.  

He threatened me if I'm not paying him he gonna put lien on my property, I've never encounter these thing in my whole life...He seems very cold blood and likes to take his client to court or put lien on the property, looks like he had done these stuff many times in his career...I just don't suggest you to work with him for the below reasons:1.He is never willing to communicate about the project progress and he just notify you that you have to pay for next-phase otherwise he will STOP the work and take all the stuff out2.He will never take responsibility on warranty or the stuff he had done, if you ask, that is all your fault, and you have to pay your own bills3.Finally if nothing of these lightly threaten works, he will say: "I will give you 3 days, if you don't pay me, I will put lien on your property, I will take you to the court"I never done business into this situation in my whole life, but it looks like that's how Robert Mincey makes money and if you work with him, you will probably end up like me with tons of sleepless nights...If there are any chance, in the future I will post my whole experience while working with him.Hope this helps!

If your DSCR has improved or market rates have dropped, refinancing might secure you better terms and improve cash flow.

So you takes your chances and pays your money at some point.I was viewing the built in equity as the "bonus" of financing it myself through the bank rather than the builder doing it.

What that means is that even if you "overpay" for a property today, there's a pretty good chance that the normal rate of inflation and general appreciation is going to make you look like a genius 30 years from now. 

If your goal is to scale faster and get to the point where your real estate cash flow allows you to spend more time with your kids, BRRRR can help you snowball your investments instead of parking all your cash into one deal.Building Equity: With BRRRR, you get the chance to build significant equity upfront by adding value through renovation.

You need to do renovations, improve the property, and drive up rents.

The price was low in 2014, today that same price is riduculously low, and the buyers in 2014 improved the property tremendously and recently re-sold for $230,000, good for them!