BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
Gregory SchwartzPoster
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Agent
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- College Station, TX
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Refinancing a "cheap house"
Gregory SchwartzPoster
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Agent
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- College Station, TX
I'm lining up my first true BRRRR. The asking price is $40k and I'm looking to make a $30k cash offer. Rent should be between $700-800/month. To make this deal work I would want to refinance $37k out (about 60% LTC). What are you all seeing for terms on these "cheaper" mortgages? I'd like to see at least 25-year amortization and under 6%.
- Gregory Schwartz
Schwartz Realty Group
56 Reviews
5.0 stars