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Updated about 6 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
Raheem Johnson
  • Rental Property Investor
  • Saint Louis, MO
1
Votes |
13
Posts

How does the brrrr strategy work?

Raheem Johnson
  • Rental Property Investor
  • Saint Louis, MO
Posted

Hey BP! I’m wondering how exactly the brrrr strategy works & I really need you’ll help!

I bought my 2nd rental property (sf)cash from the auction(again) and again used my own cash for the renovation and they both rent out now for 700 month. I dumped around 15k into both properties and both their arv is 60k.

My question is how do I cash out refinance without the constant hits on my credit and how soon can I cash out refinance ? You’ll help would be much appreciated bc it seems like the answers to those questions always seem to be cloudy.

Most Popular Reply

User Stats

131
Posts
138
Votes
Gareth Fisher
  • Manheim, PA
138
Votes |
131
Posts
Gareth Fisher
  • Manheim, PA
Replied

I don't have to season any of my properties.  There are banks that don't require it.

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