Hi everyone. I'm a newbie struggling to fully understand the refinance step in the BRRRR process.
@Christopher Reynolds what part of the refi step has your confused?
I get the general concept of it, but I want to make sure I understand the specifics of this step. In this example I'm looking at a purchase price of $20,000; $30,000 in repairs; and an ARV of around 90,000. So when I refinance am I taking out a loan for 50,000?
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