Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

17
Posts
2
Votes
Ahkeem Smith
  • Rental Property Investor
  • Easton, PA
2
Votes |
17
Posts

Understanding the refinance part of the BRRR

Ahkeem Smith
  • Rental Property Investor
  • Easton, PA
Posted
I planning to do my first BRRR strategy around next spring, but I wanted to make a few things clear first. I understand the basics up until after the refinance. Once we’re able to cash out after the new appraised amount was given, does our new 30 year (or however many year your loan is for) mortgage start from scratch? Ex. Buy for $50,000 Put down $10,000 Rehab $15,000 New value $90,000 Total invested $25,000 Cash out at 80% of value to have $72,000 in cash New loan ? I hope I’ve made sense of that. If I am missing something please correct me.

Loading replies...