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Updated over 6 years ago on .

User Stats

5
Posts
5
Votes
Cp Schlatter
  • Investor
  • Minneapolis, MN
5
Votes |
5
Posts

BRRR strategy when interest rates climb

Cp Schlatter
  • Investor
  • Minneapolis, MN
Posted
I’d like to BRRR so that I can purchase another property with that money this year. I do have long term financing already and intetest rates are climbing. House 1 (primary residence): Worth: $300,000 Owe: $170,000 @ 3.2 15YR (Current) 80% LTV at 4.75% 20yr (allow $100/month profit once I rent it out) = $70,000 TO REINVEST House 2 (Rental) Worth: $300,000 Owe: $130,000 @ 3.75 15 YR (Current) 70% LTV @ 4.35 15 Yr (Cash Flow $200/Month) = $80,000 TO REINVEST A. Do not refi B. Refi primary C. Refi rental THANKS!