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Updated almost 7 years ago on . Most recent reply
How to estimate refinance on multi unit?
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

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.