Most people are refinancing a BRRR because they are in short term debt (like 12 month hard money used for purchase +rehab financing) or own the property free and clear (they bought all cash) and would get a higher return on equity by leveraging the property and reinvesting the cash out proceeds of the loan to scale the portfolio. 

Feel free to reach out with any questions.

You should see more deals and price reductions as we roll over into 2025 as well.If you need any help or have specific questions feel free to reach out or send me an email. 

In my opinion, Sean Terry gives better FREE information.

For your second question-either refinance it (you say it is mortgage free, so get a mortgage and pull out that money) or try a home equity line of credit (may not work as it is a rental).The difference in insurance quote with 5% and no coverage is ~ $1200 for the year.

Good luck, and feel free to ask if you need more tips on tenant screening!

Hi Shruti,That sounds like my type of REI investing, feel free to add me to your Network would love to talk shop some time or help in any way.

Feel free to reach out if you have any questions about Birmingham.

Keep posting for sure but feel free to reach out directly as well. 

I'm not far from you in Virginia Beach , Virginia  feel free to reach out !