First time investor. I bought a single family home for cash in November, did the renovations and now have tenants. To pay for this, I used a heloc on my current home. Question- do I keep the heloc I have and just pay ...

I bought it under my LLC and I have been thinking of refinancing.

You are still exiting with a refinance and thus the terms wouldn't change on the exit whether you are buying in cash and then refinancing versus doing a construction loan and then refinancing.

Are you saying that because of this unit, the building might not be able to be refinanced?

So, there's more than one way to create more cash flow than refinancing:-). 

That way, you could use Hard Money to fully fund the rehab before refinancing to agency. 

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

Make sure your exit plan aligns with it, whether that’s refinancing or selling.

When it comes to managing your mortgage, most homeowners are familiar with refinancing as a way to lower monthly payments or take advantage of better interest rates.

The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.