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Updated about 6 years ago,
To BRRRR, or to BRRR?
The Buy, Rehab, Refinance, Rent and Repeat strategy is a very useful tool in real estate investing. But is it always necessary to Refinance? What if you can outright pay for the rehab costs out of pocket? This could potentially lead to more cash flow from the property. Not to mention refinancing, as far as I know, isn't free, so you would be avoiding the fees from refinancing as well. What are your experiences, do you ALWAYS refiance your properties?