Charles Tharp
New Member first post
I'm struggling to find the best path to my goal. I have a decent amount of cash on hand and currently a sustainable monthly income. My goal is to get into multifamily property but don't posses that much funds yet. I'...
Tim Hogg
Using hard money the first time
I am new to BP and I am currently looking for my first deal in northern Utah. I am also looking into ways to get the money, so my question: Would you suggest using a hard money lender for my first deal, or only whe...
Kim Herrick
New Fourplex/ Low Rent
Hello All!I am in the process of purchasing a 4 unit apartment complex. The rent is below the market average by $65 per unit except for one. All four units are MTM and have long term tenants. The current owner pays ga...
Chris West
Refinance step of BRRRR not happening!!!
Upstate SOUTH CAROLINA 12 unit 6 building deal. I am getting hung up on the refinance step of my first BRRRR. 12 units across 6 buildings. Purchased for $20,000$90,000 renovation. Currently 100% rented. Rents for $450...
Jack B.
What are the risks of DSCR loans?
I understand they have a little bit higher interest rate, but what are the risks of DSCR loans? Is there a demand clause where they can call the loans for no reason? My conventional loans don't have a demand clause. T...
Leela Gutta
How to you get loan from banks to scale rental properties
I am very new to rental property investment. I just bought my first rental property and I am learning everyday. One of questions I have is how do you keep getting bank loans to scale on a large scale? I am going to ca...
Sam Mathew
Private Lenders for long term financing
Private Lender
Hello, I am hearing 100 times how I can use a private lender or hard money to buy rental properties and then later refinance with a bank. But I already have 10 conventional loans which is the max limi...
Luis Gutierrez
Portland OR, tenant requesting month-to-month after a year lease
Hi guys, we have a single family home in Portland Oregon. The tenant is requesting to extend occupancy in a month-to-month lease after her year lease is over. The question is, legally, do we have to conceed to the req...
Steve Fitzgerald
Identifying Locations for SFH/Airbnb
I'm getting started in buy and hold here in Durham, NC. Starting off with an SFH. I'm planning on purchasing a property that I can use for Airbnb rentals since the market is pretty good here. I want to have a fall bac...
Andrew Leedom
BrrrR Refinance and Repeat question
I am looking to implement the BRRRR strategy for my purchases from here on out and I am wondering how the Refinance and Repeat steps work after you have your initial 4 loans. If I purchase with cash and then refinanc...