Don't put the horse before the carriage. 

This would be assuming a full gut, and vinyl flooring, vanity package from big box store, fiberglass tub/shower surround or shower stall, etc.

This is probably a good question to ask my lender, direct from the horses mouth, haha.Cheers

Clearly they have not become the horse and buggy just yet.

And talked to him on the phone.. got a referral from my banker the Senior VP in charge of lending for Oregon.. wanted to PULL out all the cards  LOL  we dont have but 2 employees but Lord knows we pay our tax's.. so this will help as our payoffs have been stalled.  

I am trying to refinance $970K for a duplex in Santa Clara county (Fannie/Freddie loan limits are $980,325 for two-unit properties) through a mortgage broker. The loan got approved and appraisal done a month ago on 2/...

And those still "doing them" are stalling and are really not.

My brother just taps into that $1.5 Million of equity and the kid graduated debt free instead of owing the $200k it cost in tuition.What's even better is that the appreciation in rents paid for the equity loan and he still makes a lot more in cash flow.Anyway, I am not going to beat a dead horse again.

At this point, I think the carriage might be coming before the horse in wa ting to buy all three instead of one, cash out, two, cash out, three.I'm wondering if there is a way to get all three and not tie up 3 times the investment money that is now stuck to the BRRRR process?

Additionally, I have been given full autonomy to use the property for legal income purposes including partial unit rental, rv parking, storage, horse boarding... anything that offsets project or holding costs.