Updated about 6 years ago on . Most recent reply
Brrrrr
Quick question, wouldn't the brrrr method get awfully expensive if you have to pay a downpayment when refinancing each time?
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The idea is to buy a property such that purchase + rehab + holding costs are less than 70-80% of ARV so when you do refi after the required seasoning, you meet the lender's equity requirement without having your own money m remain in the deal. Of course, you need to check the numbers need to be sure that you can also get positive cash flow after the refi.