Updated about 9 years ago on . Most recent reply
BRRRR Newbie | Properties w/ conventional loan
Hi BP Community!
I am an owner of 4 out of state investment properties. All acquired through conventional loans (20% down) and currently rented with a decent return (10% -/+). If wanting to incorporate the BRRRR method, would I essentially begin @ finding a lender for refinancing? It seems that you'd want to start with a purchase of a fixer-upper first, but what about properties purchased through 30 year conventional loans? Is it wise to refinance an already long-term mortgage (30yrs). How would that look and would that affect my current cash flow? It would only make sense to me if I could get close to all the money that I put down for all 4 properties. Thank you for your time in advance!
Shaka \000/