Refinancing in BRRRR

[Rudy Figueroa]

Hi everyone,

I'm working on gathering all the indignation and knowledge I need to use the BRRRR Strategy on my first rental purchase and wanted to see where you all are finding success when refinancing.

-What mortgage term are you using for the refi?

-What APR are you encountering on a non-owner occupied property?

-How long are you waiting after purchase to refi?

-What are the biggest obstacles you have faced?

Looking forward to reading the responses I get!

[Franklin Romine]

@Rudy Figueroa

Those #'s do not look attractive unless you are independently wealthy.  It doesn't make financial sense to float debt on those type of properties.  When I was in my peak of accumulation mode I was buying properties that would atleast meet the 1% rule.  Around Fresno and Tulare County you can still find many properties that cash flow better than Hollister.