Updated almost 7 years ago on . Most recent reply
BRRRR question - rent/refi order
Hi,
I know BRRRR stands for Buy, rehab, rent, refinance, repeat. Is there a reason why we want to rent before we refinance other than the 2 reasons I can think of below?
1. You can potentially include the rental income in your DTI calc.
2. You have less expenses while the property sits vacant.
However, if you know the property is going to get occupied in the next month or two, and you would rather put your capital to use faster, would you refi before renting? That's what i did on one of my properties but just wanted to check. Thank you.