I currently have a primary home valued around $310k with an outstanding mortgage of $173k.

This is after 4% selling costs and paying back the outstanding mortgages.

BRRR Cash ExampleHome 1Home: $55k cashRehab: $15kARV: $100kRefinance 1 @ 75%: $75kHome 2Home: $55k using Refinance 1Rehab: $15k using Refinance 1ARV: $100kRefinance 2 @75%, $75kStatus: 2 homes ARV of $200k, Refinance 1 & 2 outstanding for $150kHome 3Home: $55k using $ from Refinance 2Rehab: $15k using $ from Refinance 2ARV: $100kRefinance 3 @ 75%: $75kStatus: $70k of your cash initially in, 3 homes ARV of $300k, Refinance 1, 2, & 3 outstanding for $225kBRRRR Mortgage ExampleHome 1Home: $55kDeposit: $11kMortgage 1: $44kRehab: $18kARV: $100kRefinance 1 @ 75%: $75kHome 2Home: $55kDeposit: $11k using Refinance 1Mortgage 2: $44kRehab: $18k using Refinance 1Leftover $ from Refinance 1 = $46k, payoff Mortgage 1ARV: $100kRefinance 2 @75%, $75kStatus: 2 homes ARV of $200k, Refinance 1 & 2 outstanding for $150kHome 3Home: $55kDeposit: $11k using Refinance 2Mortgage 3: $44kRehab: $18k using Refinance 2Leftover $ from Refinance 2 = $46k, payoff Mortgage 2ARV: $100kRefinance 3 @ 75%: $75kStatus: $29k of your cash initially in, 3 homes with an ARV of $300k, debt from Refinance 1, 2, & 3 and mortgage 3 totaling $269k

Both have been outstanding.

They do an outstanding job of breaking down how to estimate rehab costs based on both the extent of the rehab and the "niceness" level of the area.

Beware of outstanding property taxes and any potential HOA debts as they stay with the property, whether recorded as liens or not.

If you won't be out any rent, there are no outstanding unpaid fees, utilities are paid up, and the place is left clean and without damages, then you should return their deposit.

After holding the certificate for two years the certificate holder can ask for the property to be sold at auction but all outstanding taxes have to be paid first.Though property tax sales happen infrequently, you need to be sure the property is worth the tax amount because you might wind up owning it.

Amie D.Depends on the type of mortgage. if the first property was obtained with FHA financing, they typically only want you to have one OO financed property at a time, unless for some outstanding reason(which you have to prove), then they may allow you to carry two...a permissible waiver may be if you unexpectedly have to move out of the locale for job related reason.

Are you a slick transferor of outstanding balances?