BRRRR in Sacramento takes a different path

[Pavan Sandhu]

It's been exactly a year since I purchased my 1910 Oak Park beauty. Original plan was to refinance after some time but rates have gone up significantly and even though I have PMI on my property a refinance would end up costing me more as opposed to just obtaining a HELOC. Had to adjust but looking forward to the new purchasing power that my HELOC will give me. Anyone out there in Sacramento tried to AirBNB there BRRRR house ?

[Derek Daun]

@Pavan Sandhu

You can't legally air bnb a property full time in Sacramento proper. It's a max of 90 calendar days a year if it's not your primary residence. 

https://www.cityofsacramento.org/Finance/Revenue/S...

What are the actual numbers on refinance vs HELOC. I wasn't expecting a HELOC to come out better.