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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago,

User Stats

11
Posts
5
Votes
Trago WAllace
  • Rental Property Investor
  • Templeton, CA
5
Votes |
11
Posts

Refinance now or wait?

Trago WAllace
  • Rental Property Investor
  • Templeton, CA
Posted

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.

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