Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Emily Rolando
2
Votes |
11
Posts

Cash out Refi numbers

Emily Rolando
Posted

Can you help me understand what a cashout refi would look like here and how to think it through? 

This is a house hack property where Id be living in it building out the basement and renting the upstairs for $2,300 while doing so, then a roommate when the bottom is finished. Im getting a traditional mortgage instead of hard money straight off the bat so I don't have the pressure of a high interest loan, I'll be using a primary residence mortgage and generally want a back up if I cant cashout refi for some reason. 

Purchase price: $515,000 

10% down= $51,500

Loan= $468,135

Rehab = $35,000

ARV (estimate) 600,000-625,000. Lets go with 615,000

How does the rest look to you and why? Here is where I think I might be going astray. The BURR calculator didn't help me learn the analysis and I couldn't understand if I would indeed be able to take any money out or end up with over 100000 of my money in the deal (which I do not want).

Thanks!

Loading replies...