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Updated over 8 years ago on . Most recent reply

User Stats

30
Posts
3
Votes
Jan Michael Ronquillo
  • Hayward, CA
3
Votes |
30
Posts

Help with BRRR strategy!!!

Jan Michael Ronquillo
  • Hayward, CA
Posted
Hello BP community! Hope somebody could enlighten me with my situation. I purchased this property with a personal loan for 5 years. My question is, how should I tackle this loan? Should I leverage and let the rent and a little of my money pay for the next 5 years? Pay this loan as fast as possible, so its paid for. Then start saving the cash flow for another property. Or cashout refi? If that's the case, should i buy another property or pay the loan and use the cash flow to save for another property. Any opinions/ suggestions/ criticisms will be appreciated. Thank you again BP community!!!

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