BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago,
Refinance now or wait?
I have a couple turn key properties (in different states) that I have had for a few years. I am gearing up to start BRRRRing thanks to all that I have learned on BP podcasts and books (thanks!). I have been using podcasts and your books for a while, but am only just starting to get connected with the community here on BP.
I was looking at the value of my current properties vs what I owe on them. Along with better rates, I could potentially pull out some equity to help with my new endeavors.
My question is: Should I look to do a cash out refi now? Or should I use the portfolio lender that I eventually get set up with during my BRRRRing?
Do portfolio lenders even finance properties in different states, or do I need a different lender for each area I am invested in?
Thanks for all your help. I look forward to getting more connected with the BP community.