Newbie tring to start out.

[David Cervantes]

Hello everyone I have been listening to the podcast and books for almost 6 months, and everything sounds wonderful. I currently own a home purchase back in2013 which I can almost make a profit of 110k. Or do the BRRR I talked with some lenders about refinance and they would offer 15yr refinance to 4.5interst and 30cash out and paying some of the debt I have. my new payment would be 1300 from what have 800. does this make sense or should just sell and buy something else. thank you in advance.

[Brian Schmelzlen]

The BRRRR method is great, but I am a bit confused as you seem to be talking about doing it with your current house. My understanding of the strategy is that you would find a good investment property, increase its value and stabilize it, and then refinance.

Pulling out cash from your primary residence tax-free can be great, as long as you are getting a better return than the additional interest you are paying.

[David Cervantes]

yeah that’s what I tought, until the lender I’m working with wants to roll my truck loan into the whole refinancing. According to him to lower the interest to 4.5.