BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 1 year ago on . Most recent reply
![Archimedes Jao's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2341558/1694581068-avatar-archimedesj.jpg?twic=v1/output=image/cover=128x128&v=2)
Cash out refinance
We rehabbed an STR, bought it at 400K, and we believe a conservative new value is 450K. Would 360K, or 80% of the new value, be the "cash out"? We follow someone on Instagram who seems to give this simplified equation.
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![Jonathan Cooper's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2899531/1703017981-avatar-jonathanc832.jpg?twic=v1/output=image/crop=200x200@0x0/cover=128x128&v=2)
That sounds about right, run an appraisal so you can see the full new property value!