I have a friend who was trying to BRRR a property in a rural part of NC. He bought the house for 8k and improved it to being worth probably about 30k after putting 15k in. He is cashflowing about $250/mo (rent is $500...
For the sake of the question, lets say I purchase a house for $100k with an after repair value of $160k putting 3.5% down on both the rehab and purchase price using an FHA 203k loan, with an estimated rehab of $40k
A...
Hey everyone, I'm about a few weeks in on studying real estate investing. I'm extremely interested in the BRRRR strategy. I'm reading that you have to wait 6 months to do a cash out refinance. Is this true if I were t...
I am finally close to closing a deal for a flip, however my main focus for investing is BRRRR. I just spoke with a bank-lender and the finance agent said that from the start of COVID-19 banks do NOT offer re-finance-C...
Looking for some clarity to refinancing to eliminate the PMI on my FHA loan. I've talked to bankers and they have told me that once I have 20% equity I can refinance and the PMI payment will be done. My main question ...
Just to clarify,I am about to pull the trigger on my first rental purchase,My intention is to be purchasing under my LLC and of course it is a debut purchase for it.Using a Hard Money > Refinance property strategy...
I recently a acquired an triple decker in MA. There's some updates which I'm currently taking care of and it's fully rented. I've been readind a lot about real estate investing, tips, advices, landlording, etc. There'...
I purchased a single family home in 2008 in Corona, CA. for $295k. Our PITI is $1728 a month and rent is $2150 a month. It was our primary residence until 2013. I consider this rental as a type A property that has r...
where can you go here in ohio,to refi a 4yr old land contract,with 527 credit score,in ohio
Hello,I purchased a house in Texas last year using the BRRR strategy. I am now at the point to refinance the house so that I can repeat.Anyone know of any banks or lenders who would refinance a property in Texas for ...