How do you refi 30-40 homes? wont banks stop at like 6 or do you use a commercial loan as a portfolio? Ive always wondered how that works. Im only at 4 homes BRRR'd but someday id love to have 30-40!!! Im an OG of biggerpockets, been listening to BP since 16-17
Some banks do portfolio loans which allows you to refinance a bunch of properties at once. Smaller banks typically let you do more things / can offer different things than bigger banks since its more personal.
@@CarlosJosueHernandez22 home freakn run brother! Thanks and you and your peeps kick ass. If you ever wanting to do some work in PNW im over here in Ore, WAS!!
I'm curious to know if anyone has ever taken a loss. Most of the real estate channels those about how much they're making and short-term rentals and creative financing and hundreds of doors. It doesn't seem like someone with a career and a family can actually thrive in real estate. Mostly because the time Factor
I noticed it was mentioned that you’re seeing steep discounts. Up here in New England prices didn’t drop much. A pre foclosure across the street from my parents was flipped, they checked it out at the open house just to see what was done and they said minimal was changed from when then previous owners had lived there and it still sold 20 or 30k over asking(can’t remember off the top of my head) from the open house.
My question for the panelist that walked away from a deal and lost 1/2 million earnest deposit, is what decisions contributed to the initial optimism about the property and what changed. Was it only the inability to get financing that would allow it to make it profitable?
Awesome show!!! Thanks team!!
Fantastic channel, Dave
Love the insight on whats going on in this crazy country of ours.
How do you refi 30-40 homes? wont banks stop at like 6 or do you use a commercial loan as a portfolio? Ive always wondered how that works. Im only at 4 homes BRRR'd but someday id love to have 30-40!!! Im an OG of biggerpockets, been listening to BP since 16-17
Some banks do portfolio loans which allows you to refinance a bunch of properties at once. Smaller banks typically let you do more things / can offer different things than bigger banks since its more personal.
@@CarlosJosueHernandez22 home freakn run brother! Thanks and you and your peeps kick ass. If you ever wanting to do some work in PNW im over here in Ore, WAS!!
I'm curious to know if anyone has ever taken a loss. Most of the real estate channels those about how much they're making and short-term rentals and creative financing and hundreds of doors. It doesn't seem like someone with a career and a family can actually thrive in real estate. Mostly because the time Factor
I noticed it was mentioned that you’re seeing steep discounts. Up here in New England prices didn’t drop much. A pre foclosure across the street from my parents was flipped, they checked it out at the open house just to see what was done and they said minimal was changed from when then previous owners had lived there and it still sold 20 or 30k over asking(can’t remember off the top of my head) from the open house.
My question for the panelist that walked away from a deal and lost 1/2 million earnest deposit, is what decisions contributed to the initial optimism about the property and what changed. Was it only the inability to get financing that would allow it to make it profitable?