When to Refinance with BRRR

[Bryan Mitchell]

Looking at the BRRR calculator, how many months after rehabbing would you recommend before refinancing a small multi family?

[Chris Levarek]

@Bryan Mitchell Depends of course but I will give a few numbers depending:

1. Purchased with all cash satisfying delayed financing requirements, = as soon as the property is rented again, 2-4 months after purchase.

2. Purchased with hml and cash = 6 months minimum and as soon as property is rented again

3. Purchased with traditional loan financing = 12 months typically and as soon as closing costs added to loan are paid down ( break even point)

4. Purchased with creatitivity = whatever works for your business plan and financing!