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Updated almost 7 years ago,
Brrrr numbers after refi
as I am analyzing houses to buy in cash, fix up and then rent out to use the brrrr method I get the first part of the numbers ran to find the roi is about 10%. But when I go further to find out how much I'm making after i take my cash back I'd only be making about 2k a year. I understand that essentially the house would be free and I am still making money after all expenses are paid but is that worth it? Just curious to see what other people are typically seeing number wise or if there is a general rule of thumb to how much is worthwhile after cash out refi. Thanks in advance.