BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago,
My first BRRRR and my first mistake
Hey all! I am in the process of buying my first multifamily home. I got really excited about this deal to find out that I took out the wrong kind of mortgage! I'm currently locked into a 30 year fixed loan at 2.875%. The house has not closed yet and I JUST realized I have made a mistake on this deal. This is the kind of financing I need AFTER I rehab the property. Any suggestions?