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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 1 year ago on . Most recent reply

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8
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Lataw Bawknaw
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Most Popular Reply

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225
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Nate Herndon
  • Lender
  • Springfield, MO
171
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225
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Nate Herndon
  • Lender
  • Springfield, MO
Replied

Thank you @Lataw Bawknaw.

Per your numbers provided, the property qualifies for a 90% of purchase + 100% of rehab loan, up to 75% loan-to-ARV.

Here's a screenshot of my DSCR calculator and what I am seeing on your eligible refinance. You would need the property to hit at least a 1.00+ DSCR.

You would certainly have to leave some equity in this house as a BRRRR deal, as the 75-80% LTV refinance would require more like $3,000-$3,500 in monthly income.

  • Nate Herndon
  • [email protected]
  • 417-605-2196
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