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Updated over 6 years ago on . Most recent reply

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6
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Robert Proctor
  • Lufkin, Tx
2
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6
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My first BRRRR finance help!

Robert Proctor
  • Lufkin, Tx
Posted
I have my first investment property. I own it with no lean, but I want advice on financing the rehab. I’m thinking of getting a Cash Out loan. I purchased my primary home 3 years ago and don’t want to move. I do have some equity in my primary residence since we did some major upgrades when we bought it. Just looking for your thoughts. I’m going to do most of the interior work. THANKS!🤓

Most Popular Reply

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2,512
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
2,461
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2,512
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
Replied

You should consider getting a HELOC on the property as this money can be used again and again without having to reapply vs taking a one-time cash-out loan.

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