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Updated almost 2 years ago on . Most recent reply

Stu Bennett's profile image
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Stu Bennett
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Stu Bennett's profile image
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Stu Bennett
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

I'm on my last R and was shocked by the loan fees

Stu Bennett
Posted

So I bought my first BRRR, paid cash for it through equity on my primary residence, rehabbed it with a no interest credit card, found a great tenant and just signed on the refinance cash out. I was shocked that there's about $5000 in closing fees, appraisal fee and loan generation for this. Is that normal or should I have shopped around?

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Russell Brazil
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Sounds reasonable

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