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Updated almost 8 years ago,
7 and 1 ARM, or 30 year?
Last year I purchased a triplex under value market with an FHA loan. We lived in it while we fixed up all three units. We recently found out about the BRRRR strategy. We would like to use the equity on the home to buy another multi unit. At this point we are wondering with the BRRRR strategy to refinancing for a 7 year ARM loan to get the lower interest rate or going for the 30 year would be better. Anybody have any suggestions on the pros and cons?