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Updated about 9 years ago, 09/29/2015
BRRRR Model Question
So here's the current situation. I'm in the process of picking up 5 properties right now. 4 of them I am using homestyle loans and the 5th i'm paying cash. Each property has appraised for at least double what I'm paying for them, but I will have 4 different loans. Now my goal was to get them under one loan 6 months from now. How do I go about doing this and can I refi for more than what I paid since they appraised so much higher? With the rents I expect to receive, I will be able to still cash flow after a higher refi, and I would love to have a little more cash in my account in order to pick up more properties. Your advice is greatly appreciated!