Cash out refinance and the BRRR stategy.
- Cash out refinance.
- Loan to value ratio.
- Brrr strategy.
- If I find a house and it needs work, can I use a 203k loan to get the rehab money up front? And I only had to put 3.5% down? So once you appraise it, the value goes up. So what happens when you do a cash out refinance, when your LTV (loan to value) ratio goes up? Does that mean you can pull some money out? If so how much?