BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago,
Cashout refinace BRRRRING
Hello, I have a general question about financing my next BRRRR. Is there a general rule for how much money to leave in a BRRRR? What are the things I should consider? Is it always best to take out everything you put in and/or as much capital as possible? I've seen some folks say if you can still cash-flow at a LTV of 60% then do that. ATM, my stats are looking something like this. ARV $190,000. Total $ invested. $130,000. Potential rent $1400 - $1500. Thanks for anyone's help and advice! I should also note that I'm BRRRRing with funds from 2 HELOC's so 100% of these funds are borrowed at an adjustable rate if 8ish %.