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Updated almost 6 years ago,

User Stats

11
Posts
2
Votes
Mitchell Morwood
  • Rental Property Investor
  • Janesville, WI
2
Votes |
11
Posts

BRRRR Question about the Refinancing

Mitchell Morwood
  • Rental Property Investor
  • Janesville, WI
Posted

I am going to start my first BRRRR. I already have a couple properties and am following the 50% and 2% rule. If I'm in a house for $120 (after rehab) and can cash out and refi at 220, I get about 70k back but my payment is so high, that now I am not cash-flowing enough to follow the 2% rule.

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