Updated over 7 years ago on . Most recent reply
Getting started with the BRRRR
Hello all, my name is Tomas. I want to get started on my first BRRRR, but I'm confused as to how and where I get the money to finance the new purchase and the rehab. I have a rental property that has an estimated value of 180k. I have 148K left on the mortgage.
Do I pull the equity out and use it to rehab the new property? If so, where do I get the money for the purchase of the new property?