Refinancing with the BRRRR

[Andy Patel]

Starting to acquire some deals specifically for the BRRRR strategy and will test a few out before I aggressively pick up more out of state. Currently plan on utilizing this strategy with two deals here in California and was hoping to get a few questions answered/general advice:

Are people finding success on this strategy specifically in Southern California and in the 200-400K range?

I know refinance rates are typically 4.75-5%, anyone finding lenders doing it for less? Anyone paying less than 4-5K in closing costs?

Cash flow per month seems to be $200-$300 not much more than that with current wholesale and off market acquisitions. Is that about average? This is with 75% ltv and putting in about 40-50k per deal on average. 

I appreciate any and all feedback!