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Updated over 7 years ago on . Most recent reply

User Stats

5
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0
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Derek Hebert
  • Rental Property Investor
  • West Warwick, RI
0
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5
Posts

BRRRR/203k (rhode island) newbie looking to make second purchase

Derek Hebert
  • Rental Property Investor
  • West Warwick, RI
Posted
Good morning BP world, i have a few questions regarding the BRRRR Strategy/203k (Rhode Island) I purchased a 2 family home (first time home buyer loan) in Rhode Island i renovated each unit and plan to be making 500-600 cash flow, i want to know what route i should take on the next purchase, and when. I have great credit and also a decent savings. That being said id like to make my next move with little of my own money BRRRR -when to refi (do you wait for better rates) -is it possible to refi without high closing cost Regarding 203k loan I feel as though a 203k is similar to a BRRR in some ways id like to know more about the positives/negatives to this option. Any and all feedback would be appreciated, thanks Derek H.

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