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All Forum Posts by: Krenly Abrams

Krenly Abrams has started 1 posts and replied 1 times.

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: I did a Cash Out Refi on Primary House....

Krenly AbramsPosted
  • Posts 1
  • Votes 1

Hi,

I did a 30/yr Cash out Refi on my primary home, to start real estate investing. With it I bought a 50k 3/1 SFH in another state, and is currently rented for 950$. The loan for the cash out refi is 675 a month without insurance and taxes included. I still Have 30k left over the cash out refi. I would like to reinvest the left over cash for a duplex or larger. What should I consider doing next? Using the 30k as down payment. Use the 30k to payback the cash out refi. Purchase smaller properties and split the 30k between them? Any advice would Appreciate.

Best Regards

1 Vote
Pensacola, Florida