The BRRRR method is when you buy a fixer-upper, fix it, rent it out, refinance it, and then do it all over again.

Depending on how far along this loan is in the amortization, there could be additional benefit in keeping the original mortgage in place because more of the PI payment is going to principle, opposed to if you were to take a new loan, where a majority of the PI payment will be going towards interest.As far as the negotiation goes, my method is to simply do run a few scenarios, making sure to add in whatever ROR or whatever metric you want to have as your investment criteria.

Also, there are methods to picking a market I can tell you more about.

Use the enemy method and the search function in local Facebook groups.

How’s it going Johnny, I’d love to connect, Birmingham is my main market and I currently have a 58 property portfolio of tax deed properties that could work for your BRRRR method

But there’s been a bit of a dry spell for viable properties being available in my area recently.

If your looking to pay down your home though, I would look into using the shred method. 

Caulk isn't used to patch drywall because it is very soft when it dries. 

I think we can achieve the goal of a family-friendly community and having a house that I can get paid for by using a co-op method.  

Instead they've somehow been brainwashed into rinse-dry-repeat formulas that lack foresight.