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Updated over 6 years ago on . Most recent reply

User Stats

27
Posts
5
Votes
Patrick Jung
  • Rental Property Investor
  • Lakewood, OH
5
Votes |
27
Posts

Unintentional BRRRR. Need advice on the REPEAT stage

Patrick Jung
  • Rental Property Investor
  • Lakewood, OH
Posted
First property I bought was an undervalued house hack double. Purchased for 70k with an 80 conventional loan. ARV 160k I then took an 80k HELOC. Next I bought a single fam to move into using another conventional mortgage with 20% down coming from the HELOC. After all this I then discovered the BRRRR strategy. I thought that was kind of coincidental how I kind of followed the strategy without intention. Anyways, what I'm wondering is how do I repeat this process? Rehab the single family and do a cash out refi and pay back the 20% I borrowed from the other HELOC? Essentially it seems as though I would keep using a HELOC for down payments until I build up enough cash flow to buy fully in cash.

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