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Updated almost 3 years ago,

User Stats

9
Posts
6
Votes
Michael McCabe
6
Votes |
9
Posts

Multiple Refinance Pros and Cons?

Michael McCabe
Posted

Hi guys! I'm currently beginning the rehab portion of my BRRRR deal. Just for some quick details; we purchased the deal for $180k with an expected rehab of $262k and an expected ARV between 475-550k and a monthly rental income of ~3000. Due to such high taxes in the area, the CF won't be able to cover the expenses at a 75% refi. Would multiple refinances with shorter terms and lower interest rates make sense in order to still maintain positive CF while still being able to pay off the private money loans?

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