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Updated about 7 years ago on . Most recent reply

User Stats

47
Posts
20
Votes
Mike Ventura
  • Columbia, NJ
20
Votes |
47
Posts

BRRRR Success, Great Refinance!

Mike Ventura
  • Columbia, NJ
Posted

BRRRR Success is finally here...well almost here. I still need to rent my property but I'm parking that for a moment.

Here is the link to my original post that outlines the numbers.

So here is the update. I just got the result back from the refinance this afternoon. My target value was $180,000 after I rehabbed and it actually came back at $200,000! Always a good thing to be conservative! So I'll get all money back and be on to the next one. 

Now I need to rent the property, which I'm currently living in. Before I do so I'm going to keep my eyes peeled for another deal and try to close on it and just keep the process going. 

Let me know if I can help your journey with my success. I'm no expert but I've put what i learned into practice and its working so far. Now to read up on screening tenants!

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