Updated over 3 years ago on . Most recent reply
Multiple Refinance Pros and Cons?
Hi guys! I'm currently beginning the rehab portion of my BRRRR deal. Just for some quick details; we purchased the deal for $180k with an expected rehab of $262k and an expected ARV between 475-550k and a monthly rental income of ~3000. Due to such high taxes in the area, the CF won't be able to cover the expenses at a 75% refi. Would multiple refinances with shorter terms and lower interest rates make sense in order to still maintain positive CF while still being able to pay off the private money loans?