Memphis SFR Investing

[Daniel Foster]

Hello everyone. I have been following Brandon's BRRRR strategy for the last couple of years. A couple of purchases ago, back in October of 2015, I purchased a house for $80,000, which I closed with 25% down conventional financing. I put $20,000 in and it is now likely worth about $135,000. I can do a cash out refinance with similar rates and likely get $35,000+ cash back out after closing costs. It hurts to have already spent $4,000ish in closing costs and then come back and pay it again now that the 6 month seasoning period is up. However, since I now own 6 houses, my window to complete cash out refinancing though conventional financing is closing. I would love to hear others thoughts.

Thanks,

Dan