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Updated almost 5 years ago,

User Stats

14
Posts
6
Votes
Mike Brown
6
Votes |
14
Posts

How do you use the BRRR method to pay off a home?

Mike Brown
Posted

For example, say you buy an $80k home with $20k down and spend $15k in renos. It goes up to $125k after a year of "seasoning", which is an increase of $45k. In newbie terms, what is the process of using that $45k increase to pay down the original mortgage balance? The reason I want to do this is so I can get higher cash flow from the properties.

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