A great, very long-term borrow of ours had several projects going on when COVID hit.

Pretty new to BP, but wanted to put this question out there, I am sure there are already answers out there, but this seems like a good place to start.As stated above, I am wondering what needs to be put in place logistically when using OPM, especially if we were to borrow from more than 1 private lender.

Banks make you fit their narrow criteria while loan brokers shop your borrower profile with dozens of banks to find the one that works best for you.

I understand normally you can't use borrowed funds for a down payment on a mortgage, although I've seen some posts about letting it "season" in an account for a couple of months.  

@Jonathan Feliciano Here's a financial example of a typical BRRRRR borrower: They buy a fixer upper for 100k and obtain a hard money loan for 90% of purchase price and 100% of the 50k rehab.

They are to “blame”.That being said I think the fed devaluing savings and incentivizing money borrowing/investing/risk has ultimately lead housing to where we are today.

I doubt a title company will issue a policy insuring you, a lender or a purchaser without a quiet title action so I hope your planning on keeping the property and not borrowing against it. 

I need help from someone that does refinancing( loan officer) ... so this is what I’m trying to do ... right now I have a house with a co-borrowers.

If you don't think you can amass the funds to rehab, then consider borrowing at a low interest rate.

Appraiser will see you paid $80K and take that into account.If it does appraise and you want to continue investing, if you can borrow money at 3% and then use it (ie leave it in your pocket instead of the house) and make 10%, why not.