Refinance or wait?

[Jason Pearson]

Good evening all, I am in the process of purchasing my first BRRR. Once the dust settles on that, I want to address the mortgage on the home I am living in. I bought it one year ago on FHA with 3.5% down. Currently I owe 90% of the value through a combination of appreciation and extra payments. My question is do I try and find an 80/10/10 loan (with the last 10% being the current equity) or do I wait until I am at 80% LTV and get rid of it all in one fell swoop? The end goal is to rent out both properties and place a micro home in the back yard of the BRRR property and use the capital freed up from paying the mortgage to fund future investments. Thank you, Jason