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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago on . Most recent reply

James Gill's profile image
James Gill's profile image
James Gill
  • New to Real Estate
  • from Westland, MI
  • Member since Jan 21, 2021

User Stats

16
Posts
8
Votes
James Gill's profile image
James Gill's profile image
James Gill
  • New to Real Estate
  • from Westland, MI
  • Member since Jan 21, 2021
James Gill
  • New to Real Estate
  • Westland, MI
8
Votes |
16
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

First time BRRRR

James Gill
  • New to Real Estate
  • Westland, MI
Posted

Hey everyone just looking for some info/ advice on what to look out for and to know about doing a cash out refi. I have a duplex that my wife and I bought back in January we had to wait to get tenants out so we could fix the units we are 95% done and I am just looking for some advice moving forward.

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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Columbus, OH
  • Member since Apr 25, 2023
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Columbus, OH
  • Member since Apr 25, 2023
Account Closed
  • Lender
  • Columbus, OH
25
Votes |
56
Posts
Account Closed
  • Lender
  • Columbus, OH
Replied

Hi James:

You can do a cash out refi after you have owned the property for 3 months. You can borrow up to 75% of the ARV. Feel free to reach out if you want to discuss your options.

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