BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago,
BRRRR at this days
Hey guys
I wanted to check out with you if you had any luck to Re fi cash out in the last year ?
They giving me 75% in DFW area , so instead im doing a regular 30 years re finance (no cashout) with 75% and thats how im not putting any cash at close.
It is very hard for me to do cash out, every time i want to do , rates are high and i dont have enough to cover it...
-for example
-property purchase price 270K with 71K expanses
ARV before remodel 426K, ARV after remodel 460K.
PAY off hard money lender is 328K
I dont have enough for cash out ?