CoC Return/IRR on a BRRR deal
Hey Folks,
Wondering when Cash on Cash Return and IRR should be evaluated on a BRRR deal? Would you do it at the point of initiation - when you first purchase property- or the money you have in( if you do have money in) once you refinance?
Looking to acquire four more units this year (currently own a duplex) and need to get creative with financing. Will either be two duplexes or a four unit. Shooting to purchase with hard money with a partner and then refinance out of the hard money with a traditional mortgage.
Any insight would be helpful!