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Following the 75% BRRRR Formula Could Have Cost Us $97,000
Did you know that if you're doing BRRRR deals based off of the 75% rule there's a high probability that you won't be able to refniance out 100% of your cash?
Had we not started to budget for this in Q2 of 2018 we would have had to contribute $97,000+ to pay off our private lenders after a 75% cash out refinance.
Gross. Who wants dead equity?
Start to build this margin in!
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