REFINANCING A RENTAL PROPERTY?

[Jessi Casey]

My husband and I recently bought a house for a flip.  We quickly decided that we would like to have this house as our first rental property instead.  We bought the house with cash, but are debating if we should refinance or not.  We don't like paying interest, but we also want to have cash for further investments.  Looking for any advice on this subject and the best way to go about refinancing.  Thank you!

[Brandon Davidson]

Jessi, 

I am in a very similar situation that you currently find yourself. I bought a house at the beginning of the year cash and renovated it with the sole purpose of being my second rental. I am now looking to refinance the house that way i can use that cash to Buy another homes, Renovate the house, Rent the house, Refinance it, and Repeat that process. That is the BRRR method that David Greene explains in his book which i am currently reading and am hooked. If you are looking to expand your rentals i would high encourage you to start reading that book as i know its seriously helping me move forward in my investing.