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Updated over 5 years ago,

William D.'s profile image
William D.'s profile image
William D.
  • from Staten Island, New York
  • Member since Aug 9, 2017
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109
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William D.'s profile image
William D.'s profile image
William D.
  • from Staten Island, New York
  • Member since Aug 9, 2017
Connect
William D.
  • Staten Island, NY
15
Votes |
109
Posts
Starting Out

Rental income after you refinance with a 30 year mortgage

William D.
  • Staten Island, NY
Posted

BP!

When you refinance a BRRRR deal at a 30 year mortgage, how does the payment on the mortgage work? Hopefully the rental income covers the mortgage and generates cash flow. However it's a 30 year mortgage for xyz amount. When you refinance you don't need a down payment correct?

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