Updated almost 7 years ago on .
BRRR strategy when interest rates climb
I’d like to BRRR so that I can purchase another property with that money this year. I do have long term financing already and intetest rates are climbing.
House 1 (primary residence):
Worth: $300,000
Owe: $170,000 @ 3.2 15YR (Current)
80% LTV at 4.75% 20yr (allow $100/month profit once I rent it out) = $70,000 TO REINVEST
House 2 (Rental)
Worth: $300,000
Owe: $130,000 @ 3.75 15 YR (Current)
70% LTV @ 4.35 15 Yr (Cash Flow $200/Month)
= $80,000 TO REINVEST
A. Do not refi
B. Refi primary
C. Refi rental
THANKS!