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Updated over 9 years ago on . Most recent reply

User Stats

177
Posts
82
Votes
Amy E.
  • Investor
  • Bonaire, GA
82
Votes |
177
Posts

BRRR - Refinancing

Amy E.
  • Investor
  • Bonaire, GA
Posted

If you follow the Buy, Rehab, Rent, Refinance, what type of deal do you look for on your refinance?

I am disgruntled because with the banks I've asked and loaning to my LLC (which I know may limit my options), I will have to pay closing costs including a 1% origination fee. That bugs me, I already paid it once when I bought the house....now I've got to pay it again when I refinance.

I am buying houses whose after rehab value is in the 50-60k range.  

When you guys refinance, do you pay the full closing costs again?  Or are there deals out there I am missing somehow on refinance options?

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