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Updated over 6 years ago on . Most recent reply

User Stats

7
Posts
7
Votes
Eugene Ricks
  • Portsmouth, VA
7
Votes |
7
Posts

What should do BRRRR next step

Eugene Ricks
  • Portsmouth, VA
Posted

Hello

I need some suggestions

I used a HELOC to purchase a triplex for $43,000, I rehabbed it for $63,000. I had an appraisal completed which came back as $144,000.

my HELOC is 8.5%. I have a 692 credit score.

Now should I do a cash out refinance or open another HELOC ?????

I plan on buying another property and BRRRR again.

I’m stuck on which way to go.

Thanks

Eugene in Virginia

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