cash out refi on STR??
More STR newbie questions. Stay with me. Debating going down my usual LTR route with some remaining capital to BRRR it vs buying an STR with 10% down as a second home and building more cash flow. I've read the heck out of these forums and am missing something. Once I place my money in the STR that was bought as a second home I can not easily cash out refi? atleast not for a couple of years until market appreciation occurs. Am I getting that right?
how do people decide between brrr and str? If both are getting me 30k in cash flow a year but with BRRR I can pull my money out and reuse (and force appreciate potentially) what is the allure to STR which is more maintenance heavy? Thank you for helping me understand