Mark J.
Flaw in the BRRRR strategy?
Watched your webinar last night and, perhaps I missed it if you mentioned it @Brandon Turner, but one important consideration for me when I use the BRRRR strategy is price point, not only of the purchase price, but mo...
John Kelsey
Newb BRRRR Refi Question
I'm getting hung up on part of the BRRRR strategy, can somebody explain it to me like I'm a small child?
Example: I buy a 40k house, put 8k down and spend 15k on rehab. Now it appraises at 80k. The bank lets me r...
Charles Smith
Target Rental Profit From Each Apt Unit?
Hi all,
I'm taking the plunge into commercial real estate investing - specifically apartment buildings - and so for those of you that currently are apartment building owners, did part of your analysis prior to purcha...
Steve Pickenpaugh
cash out refi a good deal?
Hi guys hoping to get some feedback on an offer from TIAA for a cash out refi on my residence. It looks expensive, especially closing costs. I'm trying to position myself to have as much cash on hand as possible in th...
Account Closed
Cash out refinance example
Hi
I'm looking to buy a 2nd rental property out of state in Ohio. I'm trying to figure out a way to put little to no money down for the loan. I can't do FHA since I wont be living in the property. I wanted to get a ...
Scott Taylor
20% or 25% down on (2-4 unit) small multi-families
Is it possible to find financing (via fannie/freddie - or portfolio loans?) with 20% down on a 2-4 unit investment property?I recently had a lender tell me that 2-4 units will require 25% down. I'm ultimately trying t...
Andrew McCotter
Need Advice on How to Finance This Deal
Hey guys,I have a property in Chicago that my business partner and I submitted an offer on. Its 1 Bed/1Bath Condo for $159K that will rent for $1600 a month easy.We're in the process of closing on two other deals, on...
Jean-Thierry Aleman
Mortgage interest deduction when paying cash for initial purchase
I am about to acquire a property using cash so we can do a fast close. I am then going to finance it with standard mortgage. I thought I could deduct the mortgage interest from the loan but read somewhere I can't do...
Mark Butler
BRRRR Financing Question
Quick question: A year ago, I bought 3 SF rentals for around $125K each (in Kansas City). Each property is on a 15 year note with a traditional loan and they cash flow around $200/mo for each unit.I was planning to p...
John Geer
Cash back refinance on paid home for investment property?
Dear all,Wanted your input on cash back refinance. My primary house is paid off, value ~300K in current market, maybe more. I have a 2nd property that I am leasing out, which is making positive cash flow ~$500/month. ...