BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago,
Need some advice... Refi, sell to buy bigger, or what?
Hi Everyone,
It's been a bit since I posted. I have been doing the BRRR method for the last few years and so far have been successful. I'm up to 5 SFR each with at least 100K equity but with rates at today's highs I need some advice on what to do. I'm holding enough for emergencies but doing so leaves me little to do another BRRRR. I was thinking of refinancing and just absorb today's rates until they go back down just to get some capital to do another BRRRR or should I sell a few and do a 1031 into a larger commercial? Need some guidance please.
Thank,
Jason