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3 February 2025 | 26 replies
Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.
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23 January 2025 | 15 replies
Deal 1: 4 Plex (it's stripped down to studs, a guy ran out of money on the rehab)Purchase price 160k, Rehab 80k, Total all in: 240kExpected Rent: $4,000/month to $4,400/month depending on how quickly we want to rent the units out.
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29 January 2025 | 107 replies
I've done BRRRRs in Milwaukee for almost 15 years, but things have changed around 2020: I have a hard time buying quality properties where I get a discount that even matches rehab cost.
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21 January 2025 | 4 replies
Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).
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24 January 2025 | 0 replies
This acronym stands for Buy, Rehab, Rent, Refinance, and Repeat.
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27 January 2025 | 6 replies
Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect.
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1 February 2025 | 15 replies
Can this be done inside a solo k while also using funds from inside the same solo to do rehab?
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7 February 2025 | 14 replies
This 2 to 1 ratio is required because 1) they are work and my time deserves to be highly compensated. 2) big rehabs have some risk.
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24 January 2025 | 12 replies
I've done a few deals where the bank offered purchase + rehab funding up to 75% ARV, and then it converts automatically to a normal mortgage loan at the end of the rehab.