TO BRRRR OR NOT TO BRRRR

[Christopher Oyenuga]

Hows it going BP!?

I'm a buy and hold investor in Augusta, GA. Currently I have 3 single family home rental units .

Rental #1 Rented and cashflowing about $350/month (Not much equity in this one)

Rental #2 Bought as a wholesale deal for $40k, PUT ABOUT $15k into renovation and currently will appraise for about $75k 

-->Roughly 20k of equity

Rental #3 Bought off market for $50k requires approximately $15k for renovation and will have an ARV of about $130k

-->Roughly $65k of equity

My goal is to SCALE and not as worried about paying the properties off as quickly. Should I try and BRRRR both of them of just Rental #3?

Also, just confirming - I'll be able to refinance 75% of the properties ($56,250 and $97,500 respectively) correct?

Please Advise.

Thanks

CO