Updated almost 9 years ago on . Most recent reply
BRRRR "Refinance" Stategy
Hello BP!
Quick question on the "BRRRR" strategy, specifically the 3rd "R" - Refinance. My question is what exactly are you refinancing and what is the benefit? Are you just trying to get a better interest rate on the original loan you took out? If someone can explain the philosophy of that and the BRRRR strategy I'll have a better understanding. Thanks guys.
Most Popular Reply
You aren't necessarily trying to get a better interest rate though that is a major motive. You are just pulling cash out of the house and using that cash to reinvest (the final "R") in a new property. That's the basic strategy and how you can keep on building value in your real estate portfolio over time.