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When to refinance an STR
Hello,
I purchased an STR for my first investment property for $725k and 20% down = $160kish after taxes at closing
cosmetic fixes, repairs and and new appliances plus furniture $70K(I think this killed me a bit)
house valuation after closing was $750K
currently all in $230K
after monthly avg income I take home ~1,500k/month
current comps in the area are $850k and up
when can I refinance my str to get my money out so I can do a new/better deal. do I have to wait a full year to refinance or can I do it now