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Updated about 6 years ago on . Most recent reply

User Stats

103
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17
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Joe Crupi
  • Rental Property Investor
17
Votes |
103
Posts

How to Refinance a BRRR

Joe Crupi
  • Rental Property Investor
Posted

So I hear about folks using the BRRR method, and listening to the podcast its made to sound like its just easy peasy to refinance at the end of the BRRR, get the cash out and move on. But how do you go about getting your refinancing done easily/cheaply?

Ive got about 75% equity in a rental and I feel like im having to jump through hoops to do a refinance, and its not even a cash out (doesnt seem like many want to do cash out on invesment property). Whats the trick to pulling the equity out without habing to go through the major paperwork shuffle, credit pulls, DTI assessments, getting crap for being a 1099, etc?

Appreciate any input

Joe

Most Popular Reply

User Stats

300
Posts
205
Votes
Nicholas Lohr
  • Investor
  • San Francisco, CA
205
Votes |
300
Posts
Nicholas Lohr
  • Investor
  • San Francisco, CA
Replied

The loan process is part of it.  I know it sucks and seems ridiculous but you have to do it. I literally had to get a note from my mother for one of my refi loans. I'm 37 years old!

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