First BRRR and the interest rate concerns

[Brandon Montgomery]

I am in the middle of the rehab on my first BRRR. How concerned should I be about the interest rates jumping up in the coming months when I won't be able to refi until July?

[Jeffrey Albaum]

Hi @Brandon Montgomery! First off, congratulations on your first BRRR! As far as interest rates go - there isn't anything you can do about it however I'm imagining the rates (at least conventional residential) won't increase more than a percentage point - so going from 3.5 to 4.5...which although is a bummer, hopefully shouldn't kill the deal entirely. Hope this helps and best of luck!