BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago,
1st BRRRR - Adding more value through higher rents?
Hey!
My 1st BRRRR (single family home) and I was wondering how much of an impact my rent amount on my lease will have on my appraisal? I have seen mixed responses in the past so I just wanted more clarification. After meeting with my lender I plan on having the home rented for 2 months before doing a cash out refinance. I obviously do not want to push rents too high but if it helps the ARV significantly I would definitely consider it.
Thanks!