All Forum Posts by: Matt Carroll

@Bill Pate hi Bill thank you for your response? What did you use the $5k for to get it looking nice?

@Vaughn K. What do you mean get a 2nd chunk?

@Kenneth Garrett thanks Kevin. Yes it would be a cash out refinance.

Hey Everyone. I just renovated both side of my first duplex and am in the refinance portion of the Brrrrr. I went to a few lenders in Spokane, WA and they said their interest rates on cash out refinance are between 5-6.5 % . Currently my interest rate is 4.75%. Do I refinance with a higher rate? Or no?

@Adam Fiore thank you everyone! Greatly appreciated! Making quite a bit of sense.

@Frank Geiger is that 10k a month rent or rent and cash flow ?

@Tim Herman any book suggestions on reading and learning about how to leverage debt?

I’m currently in the Rehab process of my first Brrr and wondering how to avoid continuing to go into debt using the Brrrr strategy? Or is that just part of it?

I’m interested in a multi family unit and advancing other properties but feel hesitant because of taking on more debt. Any thoughts from BP folks would be great!

I just bought my first duplex. It’s one bed, one bath, and both sides need renovating. I am wondering if it is more logical, time wise to hire out the work knowing it will cost more money but be on the market sooner for a rental or AIRBNB option, or if because my first rental I should do the work to save money but it will take longer to get on the market?

Can you do a estoppel agreement after you close on the residence?