BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago, 06/10/2021
Home Equity/HELOC Before refinancing
Hello,
In relation to the BRRRR strategy, has anyone done or looked into getting money back out post rehab/rent via a home equity loan or HELOC instead of refinancing? Or just using it to get money back out sooner than refinancing? I haven't heard of people doing this much, so I'm wondering if there are some major negatives to it. Thanks in advance!