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

2
Posts
1
Votes
Kate Hensley
1
Votes |
2
Posts

How to estimate refinance on multi unit?

Kate Hensley
Posted

Hi Bigger Pockets People! 

I am renovating a duplex and am currently working through how much to invest (how nice to make it) in it as either a rental property or an Air BnB in Colorado Springs. 

Do any of you have any tips or information on how to best calculate a refinance of a multi unit? I am in the process of running the numbers to maximize profit while pulling out the most possible funds for the next deal. 

Thank you!

Kate 

Most Popular Reply

User Stats

130
Posts
53
Votes
Kellen King
  • Real Estate Agent
  • Phoenix, AZ
53
Votes |
130
Posts
Kellen King
  • Real Estate Agent
  • Phoenix, AZ
Replied

Are you thinking of BRRRR? If so there are a lot of moving parts and I'm not sure how banks look at Airbnb figures compared to long term rent. I'm assuming not as favorable as they are typically a number of years behind real world activity and they prefer tried and true methods. Personally I'd love to BRRRR while doing Airbnb and think it makes a lot of sense! They say to make sure not to overspend when renovating for Airbnb and any rental for that matter. I would suggest more standard finishes for long term rental and maybe finishes that are a little more fun if doing Airbnb to draw a visitor's attention.

Loading replies...