Updated about 6 years ago on . Most recent reply
Refinancing After a BRRRR
Well, we are almost finished with our first BRRRR and I know that financing/refinancing is a bit of a challenge right now. However, I am seeing opportunity down the road for lower rates if we hold out for a while. Its just a hunch, but listening to the recent BP Podcast, Mike Butler seems to think this way as well. So, for those of you that are finishing up, just finished, or in the next few months will finish up the Buy, Rehab and Rent parts of the BRRRR method, how long are you going to wait to refinance. I think there is a possibility of rates going down in the next few months and I think holding off 3-6 months may be our best option before we refinanced and pull our money out of this deal. Thoughts?