All Forum Posts by: April Robbins

Can someone break it down and explain by example of how you can make more cash flow with Brrr vs cash snowball. Right now we take cash flow from rentals and save to buy next rental property with cash. How much more could we grow if we tried brrr. I’m just afraid of getting loans that we have to pay back but I see this used so much. I want to know advantages or if it’s quicker way for us to build cash flow

@Jason Powell it is 6.5%

@Bill F. What would numbers look like refinancing vs paying off the credit cards slowly as we can. Like 15 years at 4% on our interest mortgage vs 21% we pay now

@Matt Groth The properties are all on family land and the home was my medical clinic at one time. I really don’t want to part with them as they have sentimental value.

@Jason Powell Definitely agree. I am in medicine so new to investing and finance. To use credit cards was not out intent to begin with. We just kinda had bad situations occur. He got licensed and started an insurance business. Which is commission. We could live off my income to do this. However I lost my job and it created a financial storm. We had all our savings put in these last 2 properties to get them rented out that just are finished this month. We really had to live off the CARDS until I got a great job and he finally took another part time job to supplement. Anyway we are back on our feet now but have definitely paid the price. I think our solution may be to refinance our house. We owe 270k appraised at 350k not sure how much we can get out of a refinance. I contacted our mortgage broker last week. That would take some pressure off and I could then quickly pay down the other loan so I can buy more properties. This sound good? Any companies you know that do good refinancing.

@Bill F.one is 4 bedroom brick house. Other 3 are mobile homes but we own land with each also

@Bill F. I thought about refinancing my house or even doing mortgage on one of the properties.

I have 4 rentals bringing in $2000 month cash flow. Only debt is line credit at bank for $9500 at 12% interest. My husband had a new business do bad and we have 55k in credit card bills at 21% eating us alive. Should I use cash flow to pay off bank first and keep growing properties or should I hold off and pay down credit cards with that money and wait on growing 😞😢.

I’m in MS and we love mobile homes. Working on #3 and #4 rentals now. Can’t rent them out fast enough. We are rural though. You can only put so many an acre here and you have to pay for moving, dirt pad, septic electrical hookup etc.