If you're looking to buy value-add deals, a lot of investors I work with start doing BRRRRs with cash purchases and refinancing out so they don't have as many risk factors involved.If your market is seeing any kind of appreciation, I think it's smarter to leverage your money to get the bigger returns. 

Opting for a 3-year PPP, typically adding 0.25% to the rate, offers more flexibility for earlier refinancing.

I got a 6.25% rate, and even before refinancing I am now cash flowing 1K/month because of the STR.  

Hi @Jason V.I would seek a 2nd position lien before refinancing into a DSCR loan at a much higher rate.

Are there any new opportunities or pitfalls to be aware of? Your advice is appreciated!

Additionally, if the HELOC is being used in 2nd position, you'd don't have access to any of those extra payments without selling or refinancing the 1st position mortgage. 

If we go by the BRRRR method, we're already going to buy and rehab it, then would it not make sense to just flip it at that point and cut out the need to deal with tenants, home damage/repairs, refinancing, etc.?

Refinanced in 2017 roughly to drop PMI, lower interest rate and add my then wife to the mortgage.Selling for 287k in August of 2024I know that I won't have to pay capital gains tax on the profits- my question is the profit from the sale still treated like income and taxed accordingly?

Fast forward a few months, we refinanced the building and sent the construction lender the $2M appraisal and nicely told them our loan was the least of their problems and will never borrow from them again.

So I guess when I do BRRR, once I get refinanced, I pat off the debt from credit card and re-do BRRR I guess?