buying now with a $100K reduction in a buyer's market, the real estate market is dynamic, and staying flexible with options like refinancing can help you navigate changes effectively.

**Time and Effort**: The buy and hold strategy is less time-intensive, allowing me to focus on managing and optimizing rental income rather than undertaking extensive renovations and refinancing processes.That being said, I am interested in trying the BRRRR method in the future.At the time of purchase, I lacked the skills and knowledge necessary to attempt the BRRRR method without exposing myself to risks I was not prepared for.Hope that answered your questions.

Hi Pradeep - depending on how quickly you plan to complete the rehab, it may be worth exploring your available resources for refinancing as well.

After five years, no fees associated with refinancing or prepaying. 

refinancing into a DSCR loan.typically a BRRRR is bought either with cash - actual, genuine, from your checking account cash - or a hard money loan. 

Construction loans don't care about the properties income (DSCR loans do) but construction loans do care about you making the payments while the home is under construction and then REFINANCING out of the construction loan after the construction is complete. 

Next, I **Refinanced** the property, pulling out the increased equity to recover my initial investment.

Hello BP fam! I'm curious if anyone can provide any input on my first deal here! I bought this deal by owner financing 5k down with a balloon of 50k after a year. He owned the home free and clear and I am now the deed...

The outstanding balance after 5 years (60 payments) will be approximately $364,814.The buyer would need to pay this amount at the end of the 5-year term, typically through refinancing or other financial arrangements.Using the Promissory Note for Financing in Florida:The promissory note valued at $400,000 from the sale can be used as collateral.Assuming you can get a loan of 75% of the note's value, you could potentially access $300,000 to assist in purchasing your new home in Florida.This detailed scenario underscores the potential benefits of seller financing, such as generating additional cash flow and converting equity into liquid capital for reinvestment.

After I refinanced the house I walked away with 5k in my pocket and $0 left in the deal.