Hi, I bought my 3 Family about two years ago, right now i am currently living in it with 1 unit being renovated and the other unit occupied. Recently in the mail I received a letter from a mortgage company telling me ...

Below are some additional numbers:Previous loan:88k2.75% int$950/month cash flowNew loan:168k7.625% int100/month cash flowPlease let me know what you think of this..

Wasted cash.

That means you need to bring another 40k to the table at the refi cause you'll have a bridge loan of 240k to payoff.Now you'll own a 320k house with 80k equity in it making 150 cash/month.You wanna look for better deal spreads. 

Right now only about 1-2% of my revenue comes from GVR.I can imagine GVR becoming pay-to-play and you having to spend money to gain traffic from it at some point, but if you are working with a PMS that offers that integration for free (shameless plug of Hospitable.com 😉 full disclosure, I work there) then right now any traffic or bookings you do get are a great bonus!

Purchase price: $85,000 Cash invested: $150,000 Contributors: Hannah Holland BRRRR in a small pocket of SFHs that is surrounded by commercial near downtown, therefore our lot is zoned commercial, not ideal for pulling out as much cash as possible, BUT due to Weatherford STR regulations, I am now eligible to STR this "commercial" property.

I don't want to sell until I've used all my tax credits, and I don't want to do a cash out refi because of my low interest rate.

Too much of a negative cash flow to hold on to it.Good Investing...

Feel free to connect if you need any advice, best of luck!

Hit me with your best advice, and feel free to ask – there's no such thing as a dumb question when you're starting out!