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Updated about 6 years ago,
Brrr vs Line of credit
Hi all,
I have a quick question about Brrr vs line of credit. I have a multi family and basically brought it, semi repaired it (was in good condition already for the most part), rented it but did not refinance as I used an FHA loan on it.
My question is on the Brrr strategy part of refinance as I didn't use a hard money lender so no need to repay but now how do I get my money buy if my interest rate at the moment is under 4%. I thought about a line of credit to I guess not get my money back but to reinvestment in another property.
I basically would like to pick peoples brain on this scenario and see what angles I'm missing
thanks