Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

23
Posts
2
Votes
Tina Trussoni
2
Votes |
23
Posts

BRRRR lost in translation

Tina Trussoni
Posted

I am new to BRRRR, I have been flipping houses but want to supplement my income with positive monthly cashflow in rentals. Ok, this is where I get lost. My current example is: I have a flip house I am considering renting as it has not sold after several months. I have a total investment of 70k. However, if I refinance it getting 125k, paying 20% down on a 30 year mortgage that payment will be $570mo then there is taxes and insurance so am breaking even every month as I believe I will only get $750 mo rent. So yes, the refinance brings money for more investing, but not finding the monthly cashflow part of this. Can anyone help to explain what I am missing? Thank you

Loading replies...