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Updated almost 5 years ago,

User Stats

105
Posts
22
Votes
Chaits J.
  • Investor
  • Princeton, NJ
22
Votes |
105
Posts

BRRRR Refinance confusion

Chaits J.
  • Investor
  • Princeton, NJ
Posted

Hello All,

I read through multiple posts but there is still a little bit of confusion with the refinance step of BRRRR model. Below are my deal details and i would like suggestions from the experts on what my best options are for refinance. I am still at the buy stage but want to be prepared and have my refinance strategy in place before i pull the trigger.

Wholesale purchase cost: $200000

Closing Cost: $7000

Rehab Cost Estimate: $40000

Holding Cost: $5000

Total estimated cost until unit is rented: $252000

ARV of the property is $325000

What are my best options and why for a maximum cash to be pulled out during refinance with a less seasoning time.

a) Full own Cash - LLC

b) Full own Cash - Personal

c) Hard Cash - LLC

d) Hard Cash - Personal

Happy friday and thanks all in advance!

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