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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago, 04/25/2020

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Paul Bizzaro
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HELOC Pay off after BRRRR?

Paul Bizzaro
Posted

I am new to investing in rental/investment properties and looking for some guidance. I am doing as much research as possible before I make a move but do have my eye on a property.

Here is my current situation....

I am currently looking into a HELOC to purchase a multi family, rehab property, & rent. Once property is rehabbed and renters are in I plan on a cash out refi on the multi family house so I can invest in more properties.

Here is my question...what to do with the money from the refi? Is it best to pay back the HELOC? How many times will a bank let an individual do a cash out refi?

Doesn't debt to income come into play with refinancing?

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