Hi BP,I just did a cash out refinance on my property that is supposedly worth $350k (waiting for appraisal inspection next week).

Initial thought is to complete the "rehab and refinance" part of the BRRRR on the property I already purchased so I can get money out for next investment.  

He would have trouble when it came time to refinance into a more reasonable conventional loan. 

Hi so are you still able to do a successful BRRRR even if the house is not paid in full? So I know the main idea of a good BRRRR is to get a hard money or private lender that will pay all or most of the purchase and m...

✔️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?