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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Henry Adewale
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Total cash invested meaning

Henry Adewale
Posted

I am having trouble understanding what the total cash invested means. does it mean I'll have after the refinance and I have pulled all my money out, this will be the equity left in the deal? or does it mean if I pull all my money out, I'll have to come with an extra 88k to make the deal work? Numbers breakdown here

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Jack Mawer
  • Lender
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Jack Mawer
  • Lender
Replied

As others have stated, this is what will be invested into the deal that you will be responsible for bringing to the table - the lender will be covering the remaining balance - these costs will be the down payment, rehab budget you are responsible for, lender origination points, fees, among other things.

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