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Updated over 5 years ago,
Use HELOC to BRRRR questions
Hello good people! I've read and researched a lot on using BRRRR strategy. But 1 part I seem to not hear or miss is, I understand how to use refi/cash out to buy the next property but what happens to the current property after cashing out/refi?🤔
1. How do I pay off rentals faster than 30 years if I’m taking out (cash out refi) all the equity? I assumed people generally rely on aggressive rental cash flow.
2. How to or can I refi HELOC (in order to pay it off) if it's not 25% or enough equity?