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Updated about 8 years ago,

Account Closed
  • North Hollywood, CA
4
Votes |
66
Posts

BRRR method, payment go up?

Account Closed
  • North Hollywood, CA
Posted

if you use the Brrrr method please tell me what I am not understanding, e.g a property is $100k, so if i put 20% down, I do no work to it and get a tenant to rent it because it was a new development, I can then refinance it and get the 20% back? Also would my mortgage rate go up by doing this, if so by a lot?

Please give examples as that will help me.

Thanks

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