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Updated almost 5 years ago,
BRRRR Refinance confusion
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!