[Calc Review] Help me analyze this deal

[Julie Tonioni]

Hi Everyone,

This is my fourth real estate purchase. Unfortunately I think I made some bad choices with initial refinancing. I have used a hard money loan at 12 % and 3 points. My initial thought was we would re-finance after the rehab in one month and I would decrease my interest rate, monthly payment and use the BRRR strategy to get the cash back out for another purchase. However after speaking with Better Mortgage today I learned I can't refinance for 6 months. This significantly changed my monthly cash flow and ROI. I had read the 6 month rule from another member but didn't know it was a rule for all REI transactions (according to Better).

Any advice at this point? 

Thank you,

Julie 

View report

*This link comes directly from our calculators, based on information input by the member who posted.