OK, so you wouldn't try to pay more on the principal, I get that, but would you consider refinancing, or at least attempting to? 

Hi everyone. Can anyone provide me with an answer to how many times a person can refinance if they are using brrr strategy for investing? I see Brandon Turner (VP of BP) say he does it all the time. I am assuming ther...

You can also look into refinancing your FHA to conventional (assuming you have forced enough equity) and then reuse the FHA.Best of luck.

I'll skip to the "tl;dr"....We prepaid PMI on our primary residence.We are considering refinancing.

Hello,I'm curious what closing costs and fees were tied into all of your recent cash out rental property refinances....and with what bank/lender you refinanced with?

Once I renovated the houses and waited the 6 months seasoning period, I refinanced the first house to pay off one of the loans.

The property will more than likely be refinanced in the next year or two which would likely add about $200/month to the payment.  

Ran the numbers and knocking it down 1% would save me $180~ a month, ultimately not sure if theres a way around it with all closing costs, or if lenders give incentives for "doubling up" etc.Trevor, refinancing would remove PMI correct?

So if you're buying or refinancing an investment property and you have 6 homes total, you would need 6 months PITI on the property you're buying or refinancing, no reserves for your primary residence, and 4% of the unpaid balance on the other 4 homes.I'll throw some numbers out there to help clarify.Subject Property for the New Loan - 6 Months Reserves  (6 x $1,000) = $6,000Primary Residence - No Reserves Needed4 Additional Financed Properties - 4% of total unpaid principal balance of $600,000 = $24,000Total Reserves Needed = $30,000

We have a niche property In suburban Philadelphia that needs a lease/renter before it can be refinanced.