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Updated over 4 years ago on . Most recent reply

Francis Rusnak's profile image
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Francis Rusnak
  • Flipper/Rehabber
  • from Chicago, IL
  • Member since Sep 4, 2016
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Francis Rusnak's profile image
Francis Rusnak's profile image
Francis Rusnak
  • Flipper/Rehabber
  • from Chicago, IL
  • Member since Sep 4, 2016
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Francis Rusnak
  • Flipper/Rehabber
  • Chicago, IL
38
Votes |
123
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Buying & Selling Real Estate

This will hurt people doing BRRRR

Francis Rusnak
  • Flipper/Rehabber
  • Chicago, IL
Posted

Yesterday there was a .5% fee added to anyone doing a refi. 

If you're business model is doing the BRRRR things just got a little more expensive.

https://www.marketwatch.com/story/refinancing-your-mortgage-will-cost-more-thanks-to-a-new-fee-from-fannie-mae-and-freddie-mac-2020-08-13

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Alex Bekeza
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  • from Los Angeles, CA
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Alex Bekeza's profile image
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Alex Bekeza
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  • from Los Angeles, CA
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Alex Bekeza
  • Lender
  • Los Angeles, CA
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Alex Bekeza
  • Lender
  • Los Angeles, CA
Replied

Pretty negligible on most small BRRRRs. 

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