Next steps after rehabbing: Pull the money out or payoff

[Lydia Bolling]

I purchased a foreclosure with cash at a auction. I put in about 25k of my money, and I want to pay myself back. This is a single family dwelling. What would you advise as my options?

[Mike Dorneman]

@Lydia Bolling BRRRR Assuming you plan to keep his as a buy and hold rental... Get it rented, and refi your cash rift beach out to do it again. I prefer to go the commercial loan route. Around 5% 20 year wirh a resy after fIrst 5. 80% out wIrh force apprecIatIon can yIeld toy a very nIce return!