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All Forum Posts by: Swaroop Vanteru

Swaroop Vanteru has started 1 posts and replied 1 times.

Starting Out

Post: Cashout Refinance vs New Home Loan

Swaroop VanteruPosted
  • Posts 1
  • Votes 0

Hi All,

I am a newbie to Bigger Pockets and real estate investing and am planning to do BRRRR as my first property with below steps.

1) Inherited a under construction property and planning to rehab with my own money .

2) Put a tenant in the house for cashflow.

Since rent will be added to my existing income.Should i apply for new home loan and pay EMI from the rent (or ) just go with cash out refinance (or) It doesn't matter and should go with one where i get better terms ? 

0 Votes