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Updated over 5 years ago on . Most recent reply
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Buy first BRRR with your personal residence equity
Does it make more sense to pay off your personal residence, or try to refinance out some equity to buy your first BRRR property?
Most Popular Reply
That is an extremely broad question. Someone would need to know much more information about your personal financial situation to give a specific opinion. However, I would determine what exactly your goals are for the next 1, 3 and 5 years financially and how you can achieve those goals through real estate. BRRRR is a great strategy to use and a a refi/HELOC is a great tool to use to get there. Figure out what your goals are and work backwards to make a plan how to achieve them.
- Dan Weber