Subject 2 purchase

[Dawson Brewer]

Hey y’all. 

I’m looking at purchasing a property in SA as subject 2. Just need some help getting my ducks lined up. 

Interest rate is at 4.75% and the mortgage payment is slightly less than the market rent in that area. If anything, I’ll be coming a little out of pocket to rent it to set money aside for repairs. 

I’ve thought of a few exit strategies: wrap, lease to own, air bnb. And thought of refinancing it. 

What would a refi look like if I did it to fix up and immediately sell it?