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BRRRR (Refinance portion)
I feel like I understand the BRRRR method good enough to try and do my first BRRRR deal. However, the only part that I don't understand is the refinance portion. So right now to buy a house using a traditional loan the bank says that the max they would loan me is 290k. Is that also the max that they will loan me if I used the BRRRR method during the refinance portion. What if I used the BRRRR method and after Rehab the house is now worth 350k. Would the bank give me a loan for 350k in the BRRRR method if I only qualify for 290k using a traditional loan?