✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥

Enter 12% as the rate and  2400+ 2500+ 10000 = $14900 loan costs plus refinance costs.

Appraisal turns of 2.5-3 weeks are the primary hold up with refinances elsewhere right now.

Refine your search until you have at least 3-5 properties that have sold in the last 90 days that you would have purchased.

So what if your payment is $73.12 higher for a little while, rates will come down again (check the 4 decade trend since the 1980s -- if something happens once it's great, twice is a coincidence, 3 times we see a pattern, but consistently for 4 DECADES and it's hard to deny that there's a VERY high probability of it continuing for the foreseeable future... there is precedent for negative interest rates), refinance at that point. 

@Patricia SteinerCan you refinance a rehab?

I want to do BRRR with this house hack and refinance ASAP and buy that second property. 

And 36 Other Key Financial Measures, Updated EditionZeckendorf: The autobiograpy of the man who played a real-life game of Monopoly and won the largest real estate empire in history.Landlording/Managing PropertyAsset Protection for Real Estate InvestorsBuy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made SimpleEvery Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-OutEvery Landlord's Legal GuideLandlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun (Do It All from Your Smartphone or Tablet!)

From what I read, you must pay all the interest on a 20-year loan ($1,000,000 x 5% x 20 = $1,000,000) even if you sell the property or refinance next year?

@Amy HatcherIm from SD as well and started OOS this yr.Here’s how I found my team:Lender: knew a loan officer from previous refinances of my primary.