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Updated over 2 years ago on . Most recent reply

Klavish Faraj's profile image
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Klavish Faraj
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Klavish Faraj's profile image
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Klavish Faraj
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Klavish Faraj
4
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10
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

interest rates on brrrr

Klavish Faraj
Posted

I bought a home with 2.3% interest rate that needs about 50k in rehab. Refinancing right now would give me my 50k back, and more, but with rising interest rates would this be smart? Rates in Nashville are averaging around 5%.

Nashville, Tennessee
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Eliott Elias's profile image
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Eliott Elias
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  • from Austin, TX
  • Member since Jan 5, 2021
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Eliott Elias's profile image
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Eliott Elias
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  • from Austin, TX
  • Member since Jan 5, 2021
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Eliott Elias
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  • Austin, TX
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Eliott Elias
  • Investor
  • Austin, TX
Replied

I wouldn't refinance now, unless you have a killer deal you want to close on. Take a HELOC

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