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9 October 2017 | 4 replies
well it depends. if you want to use the brrrr method then the first option may be best for the refinance bit. however with a single family home you will take a bigger hit if they move out where as with the duplex if one moves out you still have half your income. theres pros and cons of both.
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10 October 2017 | 7 replies
The best method I know is to post a 'real' ad on CL to explain what is going on (someone is posting your property for rent without your conscent) along with a link to the fake post and a request for the CL community to 'flag' the fake post.
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9 October 2017 | 0 replies
I have an option to do a cash-out refi for a penfed 10 year balloon (3.875% interest, 30 year amortization) or a 30 yr fixed with a mortgage broker(4.75% interest) for my BRRR method strategy for a SFR rental.
10 October 2017 | 7 replies
Any suggestions on other methods, please let me know!
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9 October 2017 | 3 replies
I've heard this can be great as you don't have to deal with as much paperwork when closing on a home that is being bought outright with a HELOC (This is my understanding, I have not used this method).
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15 October 2017 | 21 replies
Let’s explore some examples here:If you purchased a property with a 15% down conventional loan (85% loan to value) and you wanted to get cash out, you wouldn’t be able to do so since the cash out limit is 75% of the “Loan to Value”.
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12 October 2017 | 14 replies
Do you trust people and have you formulated a method that works for you on how to build trust?
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10 October 2017 | 10 replies
I have an inspection next week, but I have a contingency in my contract that let's me back out if inspection isn't good.Also, I've run the numbers and if I follow the BRRRR method and refinance my capital backout, I'm still cash-flow positive ($136/month) and I now have an infinite ROI and $22k to reinvest.Thoughts?
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19 June 2019 | 1 reply
I would love to get some advice from other investors who have successfully used the brrr method on multi family that's fully occupied .
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10 October 2017 | 1 reply
Most investors would benefit by creating a contract template, custom tailored to their particular method of business with the assistance of a real estate attorney.