Buy first BRRR with your personal residence equity

3 Replies

That is an extremely broad question. Someone would need to know much more information about your personal financial situation to give a specific opinion. However, I would determine what exactly your goals are for the next 1, 3 and 5 years financially and how you can achieve those goals through real estate. BRRRR is a great strategy to use and a a refi/HELOC is a great tool to use to get there. Figure out what your goals are and work backwards to make a plan how to achieve them.

Hi @James T McBride , it all depends on your personal situation and the numbers, but I use a HELOC to BRRRR because once you refi the new property and pay off the HELOC, you can... Repeat.

It's really not an apples to apples comparison. 

If you pay off your primary residence... then what?

Save the $2,000 - $3,000 you were paying for your mortgage for 5 years until you can buy a house and reno for cash?

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