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Updated over 1 year ago on . Most recent reply

Chris Momongan's profile image
Chris Momongan's profile image
Chris Momongan
  • Rental Property Investor
  • from North Augusta, South Carolina
  • Member since May 25, 2020
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51
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Chris Momongan's profile image
Chris Momongan's profile image
Chris Momongan
  • Rental Property Investor
  • from North Augusta, South Carolina
  • Member since May 25, 2020
Connect
Chris Momongan
  • Rental Property Investor
  • North Augusta, SC
22
Votes |
51
Posts
Starting Out

Nervous to refinance

Chris Momongan
  • Rental Property Investor
  • North Augusta, SC
Posted

I've started my first BRRRR but nervous to refinance with the current rates. Is it wise to refinance and get the next deal with the current intererst rates and market environment? I'm cash flowing nice right now with my MTR, about 500-700/mo but after refi will be more like 100-300/mo. What are the pros and cons? I have finished the application for refi but need some reassurance. Only have 10k of reserves and will get about 49k after closing refi.

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